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To: xstuckey who wrote (76016)	4/8/2009 6:47:13 PM
From: Keith Feral	Read Replies (2) \| Respond to of 118717

The lower the VIX goes, the higher the market goes. It's the same as the SKF breaking the 200 dma. They are serious technical violations of the downtrend in the market. If the downtrend is being shattered, it must be going higher.

To: xstuckey who wrote (76016)	4/8/2009 7:17:15 PM
From: anializer	Read Replies (1) \| Respond to of 118717

I use VIX only as a complimentary secondary indicator. More than 10% above or below the 10 day moving average is a gauge that overall has worked fairly well in calculation short term overbought or oversold conditions for a counter move in the market directionally. I find this method has worked for me well many times, specifically when the CBOE total put call ratio gets to extremes simultaneously with VIX at either 10% above or 10% below the 10 day MA. Both though are only secondary considerations. Right now VIX is below the 10 day MA by less than 7% and the CBOE put/call is .85 so I don't see any extremes in these indicators that forecast anything. The easiest approach is to extrapolate current market trends when there are no extremes.