Red

Thank you very much sir! Off to bed. Hope something happens soon, one way or another.

dreadwin,

Nice chart.

Nice place Leo has here.

A good place to go for that kind of thing is vixandmore.blogspot.com and check old posts in the archives.

A range of 15 to 30 was what was playing out in 2007-2008.

Some good education for everyone tonight, is to go watch “The Chart Pattern Trader's” video tonight. He's good, and well worth watching.

His link is in my blog roll…

I'd be curious to see what the VIX looked like before the plummet in equities last year. Certainly when things are overbought, they sometimes continue on up, no?

You're right… it looks bearish. The market could go sideways to slightly up tomorrow… kind of a “pause” day, which would be bullish and bearish for the vix.

I'm hanging until Thursday for sure, as a terrorist attack would change everything. I admit, I missed the best entry for this market, but I'm staying awhile longer.

Thanks for the vix chart though, as it's clearly looking bearish.

Thanks for the chart. You are right that it looks like it could turn over. The MACD looks like it has nowhere to go but down. It will be interesting to see how this plays out.

I just made a $VIX chart.

http://www.screencast.com/users/dreadwin/folder…

In my opinion, the $VIX is looking short term bearish. The critical things to watch are the RSI trendline and the Slow Stoch.

If that plays out, the indexes go up. No way around it.

Maybe. Volume on SPY was substantial today, and pretty heavy during that rise.

See $VIX chart in other comment.

Thanks Dreadwin – I'm not trying to give you a hard time. I know you know this stuff. I feel better that we are in the same direction for tomorrow.