I'm noticing that with each touch of the $VIX along it's arching base line has resulted in a correction of anywhere from 40 to 60 S&P points.. also it appears as though once the base line is touch and the $VIX moves away it dosn't look back *double touch etc.*
I expect this latest bounce away from the baseline to mark the top of this market run....
Monday, July 27, 2009
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