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Technology Stocks : INTEL TRADER -- Ignore unavailable to you. Want to Upgrade?

To: MonsieurGonzo who wrote (2556)	4/22/1998 8:06:00 PM
From: Chris	Read Replies (1) \| Respond to of 11051

Steve, RE: VIX.X "What does this _really_ tell me?" VIX.X Volatility Index is at 19.80 and also made a doji candlestick, which may portend a reversal of the market (to down). If volatility goes up tomorrow, this sentiment would be confirmed. What does it mean (to market conditions) when VIX.X trends down or up or reverses itself? I've been watching it for a while and have not been able to draw any meaningful trends from it? I'm clueless on this... among other things... <g> Thanks, Chris

To: MonsieurGonzo who wrote (2556)	4/23/1998 4:37:00 AM
From: Gersh Avery	Read Replies (1) \| Respond to of 11051

Steve .. Thank you very very much; Perhaps, someday, I'll be able to read the charts as well as you do. But that is absolutely not today (or any time in the near future). While I look at the charts, watch the patterns, etc, I do so to gain a "feel" for the underlying psychology. I watch for events. I believe that events can help to read the "tops" that are so elusive. Events .. the Japanese, after having been burnt by their own government re the dollar, shifted over to buying up pounds and marks .. hence the rise in those in contrast to the dollar. The Japanese have seemed becoming more comfortable with what their government is about to kick out as a "reform" package. I've seen you express an understanding for the "feel" for European sentiment. Have you taken the time to explore the Asian Forum here on SI? Some very good people there .. former Fed folks etc. Re bondz .. If the Japanese government is able to get out a good enough package the threat of bond dumping by them will back off, for the time being. I believe that the recent volatility that we have seen in the yen/bondz/dollar was set off by a Soros attempt at something .. not sure what the target may have been (I know .. profit .. ). I believe that he shorted yen against dollar. When the BOJ reacted in the way that it did I think that he took a loss .. a day or two later I saw some headline pass by that said he was reducing the investment that he was making in some space launch thing... Problem is that I believe that the actions have set off a pendulum action. Similar to the pendulum action that has taken, and is taking, place with Intel since the UPS strike (8/6/97 start date). ND98M .. doji pause .. sounds interesting .. going to have to look that up to see what that portends. I again have that coiled spring "feel" ... we all know that the markets go up and they go down .. after so long up .. I noted that today that between INTC MSFT and DELL 10-12 points were gained for the NASDAQ. While these are real NASDAQ workhorses, that is a lot of responsibility ie: the entire NASDAQ being held up by only three stocks. Re Intel .. I think that the puts they sold have resulted in about 20 million shares being taken off of the market .. the chart has started to "feel" lighter .. no? Last night on the Yahoo Intel thread the MM pep rally boyz were out full force .. must have been 40 or 50 posts from them .. little or no substance in the posts .. just "BUY NOW .. IT'S GOING UP!!!".. I think that a study was done where, on average, only four separate persons randomly asking someone if they were sick would produce illness symptoms in the unknowing subject .. suggestion can be such a powerful thing. .. now how far will it take us. Any way .. enough rambling for the night. Again .. thank you for all the "Futures" information. Gersh