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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 (32394)	10/25/1998 6:30:00 PM
From: donald sew	Read Replies (1) \| Respond to of 94695

Bill, It appears that there is a strong support area(SELL SIGNAL area), in the 28-29 area, which correlates to the AUG HIGHS, which were in the 8600-8700 range on the DOW. The VIX closed on FRI near 30 which is close enough to that support area. So right now with the DOW at 8450 has about the same volitility as when the DOW was at 8600-8700 in AUG. What that implies is that right now, even though we ran up over 1000 points, people are willing to pay the same premiums as when the DOW was in approx the same range but was coming down. Doe it mean anything - I dont know. Regardless, in AUG whenever it got close to the 28-29 range it was a sell signal. seeya