Speaking of short term oscillators, what do you make of the VIX being so low? I know you think that what matters most with the VIX is change/continuance of direction, but isn't it much more likely the change direction when it's so low? Last time it was at this level (7/14), the Naz dropped 7% pretty quickly...
<<as well as the post Oct 2002, the difference often got to 400 or more and stayed this way till the next major top, the worry is when a cross over confirms a change of trend, is it not?>. Situational both imo--Oct2002 that was the big bull rally off the big bottom; i see nothing like that happening now imo---but it is my bigotry now the the bull cycle rally on is over.