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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 (14711)	3/6/1998 8:13:00 AM
From: Tommaso	Read Replies (2) \| Respond to of 94695

I don't see how we can get any sizeable decline in the market as long as this kind of money keeps coming in (click on "News"): amgdata.com I can no longer keep in mind how many trillions the U.S. market is supposed to be worth. The funny thing is that a great deal of this is purely imaginary wealth. The inflow of cash to equity funds can continue to bid up the price of stock, and apparently most people think this is like adding money to a huge bank account. But as many of us keep saying, the minute any sizeable number of people decided that it's time to draw on that account, the account will go down by much more than what is taken out of it. But the time hasn't come yet.

To: William H Huebl who wrote (14711)	3/6/1998 9:03:00 AM
From: epicure	Respond to of 94695

Message 3616393 I thought you might find this interesting

To: William H Huebl who wrote (14711)	3/6/1998 5:06:00 PM
From: Denise Hayward	Read Replies (4) \| Respond to of 94695

Looks like a new line of discussion may be welcomed here; so, I'll suggest discussion of the following site. nwlink.com Regards, Denise

To: William H Huebl who wrote (14711)	3/7/1998 1:02:00 AM
From: Follies	Read Replies (1) \| Respond to of 94695

On Topic Bill, I have been watching the VIX closely and I agree it looks very similar to Oct just before the mini Kahuna, but I don't understand why it works unless its a contrary indicator. VIX is meant to represent the implied volatility of the underlying options to S&P securities as I understand it. Is it using the black scholes model? A lower number means less volatility. Tuesday or Weds was 5 or 6 days below 20 , first time below 20 in a year, but 1995 and 1996 were almost always below 20. So what are we looking at, a sharp rise after a downward trend? What does that mean in terms of the market? People are getting complacent (less volatility) and then get scared (sharp increase) then panic?