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[VolPivots]

DJ CDX looks like it's in parabolic mode. Watching IYR:SPX performance ratio....seems to be a good leading indicator in the current "the world is awash in liquidity" environment.

At the same time, noticed that a blue-chip fixed income account I monitor got a little beat up today.....the risks are a growing.

http://stockcharts.com/c-sc/sc?s=$SPX&p=D&yr=1&mn=6&dy=0&i=t89390829867&r=7024.png