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[DrSP]

When you need money, you go to the bank. When the banks need money, they go to the Congress. See points of $VIX rise exactly matching with the begging efforts of our bankers and the Fed.

On a serious note, it looks like a breakout is imminent (sooner or later) for the fear index.



VXX for some laughs



Near term, today could be the "wash-out" I was looking for. But, Intermediate term - see the VIX chart and you will notice that the market bottomed long after he highest VIX spike date and long way (down) than on the actual day of VIX spike.

Edited by DrSP, 15 June 2011 - 12:16 PM.