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<DIV><FONT face=Arial size=2>I don't open attachments, for that is the main way
one installs a virus on their system, if the attachment contains a virus.
It would help if those who wish to show information would include the text or
picture not as an attachment but as part of the email.</FONT></DIV>
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<DIV style="FONT: 10pt arial">----- Original Message -----
<DIV style="BACKGROUND: #e4e4e4; font-color: black"><B>From:</B> <A
href="mailto:combat@xxxxxxxxxxx"; title=combat@xxxxxxxxxxx>mike</A> </DIV>
<DIV><B>To:</B> <A href="mailto:realtraders@xxxxxxxxxxxx";
title=realtraders@xxxxxxxxxxxx>realtraders@xxxxxxxxxxxx</A> </DIV>
<DIV><B>Sent:</B> Sunday, September 26, 1999 6:29 PM</DIV>
<DIV><B>Subject:</B> Trading Numbers For Financial Futures Monday</DIV></DIV>
<DIV><BR></DIV><BR>Attached are the trading numbers generated by Al Bicoff for
Monday's<BR>major financial futures markets. More info about Al's process
can be<BR>found at<BR><BR><A
href="http://www.technicalanalytics.com";>http://www.technicalanalytics.com</A><BR><BR><BR></BODY></HTML>
</x-html>From ???@??? Sun Sep 26 22:19:36 1999
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To: Realtraders@xxxxxxxxxxxx, Realtraders@xxxxxxxxxxxxx
Date: Mon, 27 Sep 1999 00:04:09 -0400
Subject: Gen: VIX Beta
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From: Ronald McEwan <rmac@xxxxxxxx>
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Status: O
I have been running some beta studies and was curious about what this
would look like if I measured the beta of the VIX to the OEX. The
calculation is for 60 days using the formula
covariance(OEX,VIX)/Variance(OEX) (in excel its
=covar(oex,vix)/varp(oex)) I found the pattern that has developed over
the last few years very interesting. The OEX moves higher and the implied
risk as measured by the VIX Beta does not. I see this as an indication of
investors being more knowledgeable in terms of the VIX and views of
Market Risk in general. There also seems to be strong up moves in the OEX
after the VIX Beta rises above zero.
Ron McEwan
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