Replies to post #97655 on Zeev's Turnips Patch-No Politics (ZEEV)

[ajtj99]

I think the VXN may be gunning to hit the lowest level since the indicator was invented today. 36.21 from March 28, 2002 is the record.

Note that on that date the COMP was 1852, nearly 100-points lower than its early March high of 1946.

Translation: Lower VXN does not mean higher index prices absolutely.

March 11, 2002 COMP 1946 high
March 11, 2002 VXN 41.67 low

March 28 2002 COMP 1852 high
March 28 2002 VXN all time low of 36.21

[Zeev Hed]

Same here a very dangerous environment. The fact that the bu$$ cannot get back above $15 is also of concern, I am watching its recent slow ascent here and if in the next 15 minutes or so $15 is not taken out, I'll take my $.30 or so on this morning entry and might even take out the first position (from $15.75) off as well. On second thought, just took this morning entry in the bu$$ here for just $.29.

Zeev