A VIX Close Below the 20 dma has not happened for awhile

Also, would like to see a weekly higher close (at least) in all averages...Put/Call ratios didnt get low enough, and Hulbert Newsletter Sentiment has been ho-hum throughout this process, it will take some serious downside to get these readings onside

http://stockcharts.com/c-sc/sc?s=$VIX&p=D&b=5&g=0&i=p37052139591&a=153296000&r=2684.png

True, but 5th waves diverge, VIX wise, from 3rds-you really don't need new Vix highs to drop hard here. Also, I was not fond of the relatively small vix drop on that 900 point rally-look at past large rallys and the amount of drop on the VIX. Nice take on the PC's as well, equity players loaded to the gills here-I'm thinking they don't get paid, again - a VERY high percentage take at these levels over time.

Edited by thespookyone, 29 October 2008 - 07:03 PM.