chainik, I updated the bpcompq/vix/compq chart and observe that a vix of 40 has in the past 2 years always been accompanied by a much lower bpcompq. Unfortunately I have no bull market data. I'm not sure what to make of this. <A HREF="http://home.attbi.com/~gottfriedm/bpcompq_vix.gif" target="_new">http://home.attbi.com/~gottfriedm/bpcompq_vix.gif</A> Gottfried