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Dimension

02/01/05 9:24 PM

#8738 RE: benn #8737

benn, at these levels, the VIX is ONE INDICATOR signaling a top is near. it is right now around 12, but prior to this, the previous low was 11.14. So what i mean is that while i think it can go lower than that since it is in a downward sloping channel (and implying the market will move continue up), it is risky because it is already very low and indicating complacency.