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To: Thomas M. who wrote (16787)	1/22/1999 11:31:00 AM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

Forget VIX for now. Transports are telling a story (I don't know what! -g-) 1. Fundamentally, all airlines basically gave a cold shoulder to 99 estimates. 2. The index is in a downtrend and at a critical support. 3. 50 and 200 (S) DMA inflection point is up on us. quote.yahoo.com^DJT&d=1ym In july 50 DMA crossed 200 DMA from above. This time it will be from below (if at all they cross). You know what it means? . . . . . . . . . . . . . . . . . . . I don't know either!!! -gg- .

To: Thomas M. who wrote (16787)	1/22/1999 4:10:00 PM
From: Cynic 2005	Read Replies (1) \| Respond to of 86076

Related Quotes ^OEX ^VIX 610.95 32.98 -6.13 +1.03 delayed 20 mins - disclaimer Thursday January 21, 8:10 pm Eastern Time U.S. OPTIONS/VIX rebounds as Brazil shakes stocks CHICAGO, Jan 21 (Reuters) - The Market Volatility Index (^VIX - news), which measures implied volatility of several strikes on S&P 100 (^OEX - news) options, popped back above the 30.00 level as worries about the turmoil in Brazil shook the U.S. stock market, traders said. They said comments from Morgan Stanley Dean Witter Investments chairman Barton Biggs, who warned that problems in Brazil could spread to Argentina, contributed to the nervousness, as did remarks from financier George Soros, who said an ''asset bubble'' in the U.S. was the next major threat to the world economy. The VIX, one gauge of investor anxiety, jumped 2.32 points to 31.75 at midday with the OEX down 6.12 points to 619.89. ''This is reason for concern,'' Jerry Wang, a market strategist with Schaeffer's Investment Research, said of the rise in the VIX. ''Resistance comes in at 35.00 and if we break that level, it could open the flood gates for a lot of short-term selling (in stocks),'' he said. The VIX traded above its 10-day moving average, which came in around 29.10 today, another negative sign, he said. ''The longer it stays above the 10-day (moving average), the worse it looks (for the stock market),'' Wang added. Traders said investors put fourth quarter earnings, which have been mostly supportive of stocks, on the back burner. OEX put volume exceeded call volume 16,151 contracts to 10,847 as of 1130 CST/1730 GMT. ''There's not that much volume to begin with, but most of the action is in the puts,'' another floor trader said.