Relative VIX--Buy

The Relative VIX, when high enough, represents "motive" for a rally. It's telling us that premiums are way up there at levels that cause greed. Sometimes, this indicator will peg the low to the day, and other times it'll go higher as the market goes lower. That's always a risk in a down market. That said, I'm thinking we're pretty close to a serious bounce, if not the low for this correction. Start watching for a bottoming signature. Personally, I'd like to see a gap down and a reversal that comes out of nowhere with a good close. Also some multi-swing action would get my attention. When I get a chart done, I'll post it. Mark

thanks mark - the isee wasnt as low as i would like but a bounce does seem to be near - but i am still partial short as it looks too tentative and for other theories i have expoused ont he board.