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At 9:32 PM -0500 2/3/02, profitok wrote:
>I have been using the vix as a timing tool for years
>and you just have to intrepid it correctly
>looks like Ron agrees
>nice evening
John Murphy (www.MurphyMorris.com) says the daily VIX crossing
above 25 and particularly closing above it's 50 day and 200 day
moving averages is a good signal of the start of a move down in
prices.
(It is at 25.23 as I am sending this and it closed over 25 a
couple of times last week)
"An upturn (in VIX) from here is a bad sign for stocks -- NYSE
stocks in particular."
See attached picture (posted with permission)...
Bob Fulks
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