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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: umbro who wrote (8553)	3/20/1999 4:54:00 PM
From: umbro	Respond to of 99985

Here's something from this weekend's "Striking Price" in Barron's on VIX levels: The Chicago Board Options Exchange's index of implied volatility (VIX) has slid from close to 30 on March 1 to below 26 at Friday's close, an ebbing pattern normal to a rising market. But to Kyle Rosen of Strome Investment Management in Los Angeles, the VIX is still too high. He has believed for some time that with money managers continuing to underperform the indexes, they will be increasingly unwilling to pay up for index puts and risk blunting upside performance even more. Rosen's conclusion: "If the rally continues [which he believes it will, driven by the leading large-caps], the VIX could get under 20." source: interactive.wsj.com