Market Sense and Sentiment

[bbgold]

No Volatility yet
I think the recent consolidation has put a damper on the VIX for now. Trend looks Up but all it takes is some further Euro speculation to get the VIX back into full swing mode. I am really surprised that this am the Markets completely ignored the bottom falling out of the Euro. Might be some programming change we talked about where the Markets are going to try and reset to follow the USD$ now? I think the buying is indeed coming in because of the Put volume as most have their positions hedged, as do I, in case there is a change of direction.
MKTSS has even reset back to the 100sma so this pivot could still go either way, but I anticipate still big moves in both directions, we shall see :)