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Old 10-25-2001, 03:59 PM
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Default Same Recommendation When You Posted Last Time



I said go long QQQ and SPY when VIX got over 40. VIX actually got up to 57. VIX was over 40 when I posted so if you bought QQQ the next day it was about $29 and SPY was $99. At this time SPY is $110 and QQQ is $36.60. I also recommended selling when VIX goes below 25. Thats pretty conservative and you could hold till lower but I'll stick with 25 and not be greedy. VIX is at around 31. So I'd just be holding right now and take profits when the VIX hit my number.


Little worried about VIX as more mention of it but it seems to only last a day or so and people forget about it.
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