learn..I'm sure over time almost every indicator loses some of it's predictive powers the more people know about it. And especially if I have seen it...Anyway I will be waching to see how many more higher highs we get over the coming days..weeks etc to see if we will be able to tell a bottom from the VIX..I still think a spike up to 40 plus would show the proper amount of fear/selling to flush out a good bottom..And if we get 3 more higher highs, we will probably be up close to 40?????
You know I've seen those same arguements about vix but I'm always wondering when I hear the "it's different this time" arguement. Another consideration is what makes up the short etfs. I thought they short futures, buy puts and use those same vehicles that have been used in the past to hedge.