Tuesday, January 8, 2008

VIX ***VIX**** VIX!

The charts of the VIX is perking up but it clearly shows that there are too many bulls around. With all the selling we have seen, you'd think the VIX would be at 50, but it's NOT!! Watch the VIX very carefully in the coming for hints of panic selling. I can see the DOW drop at least 500 Pts. and see the VIX spike into the 30s and then we see a lot bulls start to give up hope. That's what i'll be watching in the coming days. WILD times indeed! I think there will be some major drama soon.

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