But, on these three dates circled below, the SPX made a new closing high, VIX touched new lows and sentiment moved slightly more bullish.
That $VIX seems to be allergic to the BB's.
http://stockcharts.com/c-sc/sc?s=$VIX&p=D&yr=0&mn=3&dy=0&i=p67029482487&a=98177077&r=3372.png
Of course anything could happen.
$VIX could begin to ride the BB's down further.
But, if you were going to build a nice staircase, the SPX from July would be an easy climb.
Two up one down.
It almost looks "controlled."
Edited by Rogerdodger, 14 February 2007 - 11:57 PM.