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so
what is your current interpretation of the vix
<FONT face=Tahoma
size=2>-----Original Message-----From: Earl Adamy
[mailto:eadamy@xxxxxxxxxx]Sent: Thursday, March 21, 2002 11:21
AMTo: realtraders@xxxxxxxxxxxxxxxSubject: Re: [RT] For
the folks with VIX interestOnce again Barron's timing
is off on the use of VIX. One of Barron'scolumnists wrote last November
that a (then) low VIX reading was forecastinga sharp sell-off in the
market. (At the same time, may RT traders werecalling for the same major
sell-off). My own historical research hadrevealed that when a major bottom
was put in place, a low VIX could beassociated with a modest correction
rather than a major sell-off. I sent theattached chart to the columnist
together with a suggestion that he do morecomplete research before making
such statements. The attached chart (currentdata top two charts, 1998 data
bottom two charts)was also published to RT.The configuration of the market
is now a bit different than it was when theoriginal piece was published so
low VIX readings must be interpreted a bitdifferently i.e. low VIX
readings are likely more critical than they were inthe post-911
rally.The fact is, that VIX must be carefully interpreted in light of
the majorprice patterns, breadth, and other
indicators.Earl----- Original Message -----From: "BobR"
<bobrabcd@xxxxxxxxxxxxx>To:
<realtraders@xxxxxxxxxxxxxxx>Sent: Wednesday, March 20, 2002 9:26
PMSubject: Re: [RT] For the folks with VIX interestLeave it to
Barrons to say not to worry about a low vix...another example ofignore the
media please. Its a question of probability and ye olde
meanyreversion.bobrTo
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