Replies to post #54654 on SPDR S&P 500 (SPY)

[GLENO34]

learning...Geezzz..After I just gave you the proper way to read the VIX you come up with some story about ETF's causing the problem....Anyway here is a possible channel with another touch of the bottom line at around 43.00( swag)
http://stockcharts.com/h-sc/ui?s=QQQQ&p=60&yr=0&mn=1&dy=15&id=p02166111312&a=54922872

[GLENO34]

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?????

[grasshoppah]

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.