Look at these lines I drew some time ago. We got real close Thursday.
Funny how the mysterious is often so obvious.
Also, check out the volume with only 1/2 of August gone.
And check out the SPX:VIX ratio extreme.
http://stockcharts.com/c-sc/sc?s=$SPX&p=M&b=5&g=0&i=p09067224865&a=30672916&r=6098.png
Edited by Rogerdodger, 17 August 2007 - 10:36 PM.