Re: AW: [CANSLIM] Market

From: "Patrick Wahl" <pjwahl@attbi.com>
Subject: Re: AW: [CANSLIM] Market
Date: Wed, 20 Feb 2002 08:50:47 -0700

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The Vix is an index that measures volatility as indicated by OEX options. =
 When the 
value of the Vix is low, around the 20 area, lately 22, it indicates too m=
uch 
complacency in the market.  The Vix tends to fall as the market goes up, a=
nd rise in 
down markets.  We recently had a drop in the market without a correspondin=
g rise 
in the Vix.  When you see that reading get too low, it is at least a warni=
ng sign short 
term to be careful.

This link provides a better explanation -

http://www.stockcharts.com/education/What/IndicatorAnalysis/indic_VIX.html

To see a chart, go to -

http://stockcharts.com/index.html

and use the symbol $vix.   Best thing would be if you can overlay it on an=
 index, like 
the S&P, but I don't know which sites have that capability.

On 20 Feb 2002 at 16:10, Andreas Himmelreich wrote:

> What is the Vix?
> 
> > -----Urspr=FCngliche Nachricht-----
> > Von:	Patrick Wahl [SMTP:pjwahl@attbi.com]
> > Gesendet am:	Wednesday, February 20, 2002 4:36 AM
> > An:	canslim@lists.xmission.com
> > Betreff:	Re: [CANSLIM] Market
> > 
> > Ok, easy to say this now, where was I a couple of days ago, but the ma=
rket was 
> > setting up for a day like today.  Two observations - one, the Vix was =
quite low, and 
> > two, the Nasdaq formed a bear flag, very nice little pullback against =
a several week 
> > downtrend.  Also, the market is a collection of stocks, many bearish s=
etups in 
> > stocks, some good shorting opportunities. I think you can get an overa=
ll feel for the 
> > market just by looking at the stock charts and seeing how many buy set=
ups there 
> > are, how many sell setups there are.
> > 
> > On 19 Feb 2002 at 18:47, Andreas Himmelreich wrote:
> > 
> > > uhh.. ulgly day ...
> > > 
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