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


To: Bull RidaH who wrote (25435)8/28/1998 4:19:00 AM
From: PaperChase  Respond to of 94695
 
The Japanese have pathetic leaders that can't seem to get their act
together. Check out this news headline:

TOKYO, Aug 28 (Reuters) - Japanese authorities are brandishing the threat of global financial turmoil to force opposition parties to compromise on plans for fixing the nation's fragile banking sector.



To: Bull RidaH who wrote (25435)8/28/1998 5:39:00 AM
From: robnhood  Respond to of 94695
 
David and all,,, let us not forget that Monday is month end. Also Friday afternoons , stocks usually rally in a bear market.

FWIW,,russell



To: Bull RidaH who wrote (25435)8/28/1998 5:51:00 AM
From: Philipp  Read Replies (1) | Respond to of 94695
 
David:


When Vix reaches 45+, we should be at a near term bottom.


Vix was close to 150 in the 87 crash, the closest to the present situation (apart from 29). I don't think that normal TA, wave analysis will give you much guidance when there is panic selling.

Cheers,

Phil



To: Bull RidaH who wrote (25435)8/28/1998 1:57:00 PM
From: SE  Respond to of 94695
 
So far your call is dead nuts on.

Congrats!

-Scott

PS - I may be giving early congrats, but for the short term purposes, it was right on the money.



To: Bull RidaH who wrote (25435)8/28/1998 7:49:00 PM
From: Follies  Read Replies (2) | Respond to of 94695
 
I don't know how the VIX is actually computed. Is it computed only with calls or puts also?

I have SPQUJ Sep 1050 Puts. They closed DOWN 3/4 even though the SPX closed down 15. In essence, the puts lost 15 3/4 in Premium in one day. Wouldn't that indicate a big drop in VIX? but the VIX was up.