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1997 VIX pattern de ja vu


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#1 Trend-Signals

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Posted 16 August 2007 - 11:00 PM

Anyone can elaborate on 1997-1998 to now? The financial crisis similarities?



VIX high 37.50 +/-, 2002 or 1997 de ja vu when market rallied 60% after making the bottom at 730 then rallied to 1170.

Then, another VIX spike in 1998.


http://stockcharts.com/c-sc/sc?s=$VIX&p=D&st=1990-01-01&i=p25033596000&a=78540888&r=423.png

Edited by Trend-Signals, 16 August 2007 - 11:04 PM.

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#2 Pabst

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Posted 17 August 2007 - 12:26 AM

I remember quite a bit about both years. The picture to the left is me in the CBOT's then newly opened Dow pit on 10/27/97 . The photo appeared in Time magazine the week after the '97 crash. Greenspan was the cover and I'm on the index page, pictured between Slick Willie and Hunter S. Thompson. :D

There was also an interview with a guy I'd never before heard of. Jim Kramer.

'97 was just a one day deal. A more volatile Feb. 27th. All off Asia. And Niederhoffer, lol. In fact another trader who'd been a subjet in the first Market Wizard's book sold into the subsequent rally, kept adding and lost millions.

'98 was more like today. The bad news about LTCM, Russia, Asia, Impeachment and Treasury spreads went on for months. It all ended with the biggest bang I'd ever seen. Around 2:30 on October 15 the Fed cut by 25bp. Dow futures rallied 500pts into the close. It wasn't until the trading days following 9/11 (almost 3 years) that the market saw those prices again!!!!

Edited by Pabst, 17 August 2007 - 12:32 AM.

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#3 Trend-Signals

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Posted 17 August 2007 - 05:32 AM

I remember quite a bit about both years. The picture to the left is me in the CBOT's then newly opened Dow pit on 10/27/97 . The photo appeared in Time magazine the week after the '97 crash. Greenspan was the cover and I'm on the index page, pictured between Slick Willie and Hunter S. Thompson. :D

There was also an interview with a guy I'd never before heard of. Jim Kramer.

'97 was just a one day deal. A more volatile Feb. 27th. All off Asia. And Niederhoffer, lol. In fact another trader who'd been a subjet in the first Market Wizard's book sold into the subsequent rally, kept adding and lost millions.

'98 was more like today. The bad news about LTCM, Russia, Asia, Impeachment and Treasury spreads went on for months. It all ended with the biggest bang I'd ever seen. Around 2:30 on October 15 the Fed cut by 25bp. Dow futures rallied 500pts into the close. It wasn't until the trading days following 9/11 (almost 3 years) that the market saw those prices again!!!!



Thank you.... Why wouldn't the Fed cut rate now!!


Good luck to you. :)
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