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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: William H Huebl who wrote (13884)	2/4/1998 9:17:00 PM
From: James F. Hopkins	Read Replies (1) \| Respond to of 94695

HI Bill; It's not that I don't belive in the VIX..but I don't make any one MASTER..on a permenate basis anyway. The market has all sort of things pushing and pulling it, and one may dominate but more often is working in combination with something else when big moves come. The CNBC crowd tends to say simple things to much to explain away some change..and I sometimes do to. Now the VIX I'm sure can be "A" good indicator, and I'm sure I don't have a handle on it as well as you do, maybe never will, so far I can see it more as a short term thingy, about like I see futures..and I'v seen the market go aginst the futures a time or two, ( not real strong ones ). I do know this the Market FEEDs not just on GREED, it feeds on FEAR as well. The faint of heart needs to invest in something other than the stock market or he will go bust, and that's as much a fact as anything else is. The general depth of the bearishness on this thread ( and I have at times been part of that ) but it is somewhat over done. In the face of new highs in the S&P are we to say it didn't happen, and who among us even two weeks ago called for 1000 this soon ? If you know point me at that post. ----------------- BY the way the "market" was "up" today again, today is a prime example of the DJI being a poor poor indicator or index to TA on. The patotoes glued to that DOW bug are getting wip sawed. ------------ Some of the program trading is also learning how to "not" trigger program trading curbs..and rotating in a way that takes advantage of what it deems the sentiment will be, the programs are getting better..and looks like to me they are building in an artificial intelegence..( I know how that works, and how you can program a computer to remember and apply changes dynamicly,) it can also read the VIX..and a lot of other stuff to, and fast. I have not had time to look over todays action very good, but the market was up. The only dip we had to amount to anything in the last two weeks was Friday, Them that missed that may have a long wait before they get in at better prices. With the new rules comming soon on crubs and such, and as these computers get better, what I see is none of us better get to comfortable with any indicator ! <G> Just about the time we get a good handle on it the way the big picture is painted can change. Jim