Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

Oh, you mean this:

http://www.investorshub.com/boards/read_msg.asp?message_id=656720

BTW, just because the VIX can drop more doesn't mean the indices need to continue up.

March 11 top had the VIX at 21.90, but the VIX low was at 18.87 on March 28.

http://table.finance.yahoo.com/d?a=0&b=1&c=2002&d=0&e=6&f=2003&g=d&s=%5E...

March 11 SPX was 1173 at the top, and March 28 was 1154 at the top.

NDX was 1463 on March 28, and 1573 on March 11.

Of course, this was down from 1734 on Dec. 4, 2001 when the VIX was about 24 and Jan. 9 when it was 22. Interesting that the VIX dropped to 21.90 by the end of Dec. while the indexes were correcting the Dec. high.

That's why a VIX at 25 does not necessarily have to coincide with higher equity prices. It can, but it doesn't have to.

The VIX dropped from 24 to 18.97 while the NDX dropped from 1734 to 1463.

You can almost make a case that the next 20% melt in the VIX after a big top will coincide with a similar drain in the NDX.