Replies to post #92986 on Zeev's Turnips Patch-No Politics (ZEEV)

[Justa Werkenstiff]

AJ: Surely, someone will propose that the vix does not matter now...a sure sign of a top <g>.

[was Steve]

i rarely find the VIX useful by itself. one sure time is when it gets to extreme high readings. other than that i dont put much belief in it as like you said it can go up or down when the market goes up or down. Now there are times when the indexes get pegged ne way or the other and i use it to confirm the trade im about to make, but thats about it.

Hey its a bear market. only one low will stick (ggg).
sure wish i knew how many years out that low is.

steve

[Jerry Olson]

ajtj

i think that the VIX will move toward 27 my 1st target as market rallies up hard...if we break 27 then we go to 23...now a 10 point move down in the vix...should make for a large move up for the markets in general...

i am still heavily long, in position type trades and adding each day...

the drug sector is my fav...