But he is specific on his strong bull call, the heavily shorted small to mid cap tech stocks(Large cap tech,NO and SPX500-he was not enthused. here is one i the more creative ways to view VIX http://stockcharts.com/def/servlet/SC.web?c=$BPOEX:$VIX,uu[f,a]daclyyay[d20010801,20030516][pc5!c8!c... Historic highs are 4-1. At 3-1 we are pressing it, but 4-1 is possible.But the turn point here is the key. this BTW is hard chart to come by:) GodfreyDaniel