Replies to post #47512 on Zeev's Turnips Patch-No Politics (ZEEV)

[sylvester80]

Wow! VIX and VXN are getting crashed. Top anyone?

[JMKel]

i think I'll buy 10,000 shares of VXN....<G>

[Train Guy]

CIT?

Volatilty on the PREM narrowed down around 1:45, and then did an expanding megaphone look, that broke hard down at 2:20, spiking to the lowest since before 11am. TICK took a tumble at 2:20 to, but turned back up. PREM bounced but slowly looking to roll over. Indexes all look to be in nice looking up trends for the day.

MSFT HOD. Must be all those tablet PCs and their note taking app they are going to come out with. And there's INTC chiming in, HOD. Don't we get HP after the close. Didn't Carly already hint bad things? And there's the TICK spiking down.

[Rich1]

sss'good...

[Public Heel]

Augie - do you still mean "oversold"? Also, can you briefly explain "Change in Trend"?

TIA

[brainlessone]

augie those charts say BOOM a la aug 24th zeev call

[brainlessone]

I guess what I mean is couldnt it get down to 40 or so. how deep it goes before flipping up depends on how the market outlook is: these are rubber band tightening exercises of playing chicken and not physics

[brainlessone]

and I am still looking at a chart. at the risk of being called brainless, the height of the vxn occurred at the height of the market in march 2000, and also the july high of the vxn corresponded to the market low in july 2002. I wish i understood this. does it mean any significant spike in the vxn can produce a change in the market unrelated to whether the spike is up or down?