timwest
Short

S&P500 SPY SP500 versus VIX Index - NOT ENOUGH UNCERTAINTY YET

INDEX:VIX   CBOE Volatility Index
310 0 7
Here is simple way to look at VIX             to see that the Average True Range on an 11-day basis correlates nicely with bottoms in the overall stock market as measured by the S&P500             .

In this chart you can see the ATR of VIX             on the bottom and when it gets to 2.00 then it has been a decent barometer for a bottom in place for at least a sideways to higher market for a few weeks to a few months.

So, GRANTED, we are close to 2.0 here with a reading of 1.9, but I'm just pointing out this together with the chart I posted the other day which has a link below that I'll add.

There are many ways to parse VIX             and even my 5-point rise in VIX             on a closing basis has given early signals the last couple of times perhaps because the overall level of the VIX             is so much lower than the historical average. Plus, it is nice when a good old reliable indicator decides to take a vacation, because when it comes back and starts working again, most people don't trust it anymore and it works great for awhile.

Tim 2:06PM EST SPY             194.83 last (right at resistance here)
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