[realtraders] SPX vs VIX {03}

[Candlestyk@xxxxxxx]

In a message dated 11/18/99 3:07:38 PM Eastern Standard Time, 
eadamy@xxxxxxxxxx writes:

<< VIX has given a clear sell signal,  >>

  The way I look at it the VIX still needs a reversal back up on a down 
market day.
CBOE put/call is near a sell; IBD put/call is near a sell.

    A close of VIX under the 2 std. dev. on 20dMA, CBOE  p/c of .32 or less, 
IBD p/c  of .41 or less is the nicest set-up. 

     However the momentum on NDX is making new highs, and the low priced junk 
stocks are just starting a run (that's where some of the huge volume is 
coming from).
In the junk stock run-up of 1996, VIX dropped to -2.7 std. dev.  

Regards,
Ray