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Jim [and others]
Just one note, to avoid confusion :
As you may see at
http://www.cboe.com/micro/vix/index.asp
the old [pre Sept 2003] is now called VXO.
Any VIX levels analysis for the pre Sept periods should be searched
in the VXO prices.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "jvarn359" <jvarn359@xxxx> wrote:
> --- In amibroker@xxxxxxxxxxxxxxx, "Phsst" <phsst@xxxx> wrote:
>
> > I quote from an previous Larry Conners editorial:
> >
> > "Low VIX readings (as we are seeing now) usually occur
> > when the market rises. This is a signal that there
> > is complacency in the market and a sell-off is near."
> >
> > Phsst
>
> Low VIX is notoriously unreliable. In 1995 VIX spent the whole year
> at around 13, just as the Great Bull Market of 1995-2000 took off.
As
> the market rose, VIX rose with it, averaging around 28 or so in
1999
> and 2000. Everyone is conditioned to think that falling VIX =
rising
> prices and vice versa, but it doesn't always work that way.
>
> A possible outcome for this market, which I've seen very few
discuss,
> is that the indexes may simply go sideways during 2004 as earnings
> catch up to the stock's evaluations. This would keep VIX low.
>
> Regards,
>
> Jim Varney
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