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To: The Ox who wrote (2202)	6/14/2013 1:26:04 PM
From: Return to Sender	Respond to of 8250

RSI (14) on monthly charts above 70 is rare and associated with major market tops. Conversely RSI (14) below 30 is also rare and associated with major market bottoms. Look closely and you will see the VIX is shown versus the index in question. On most charts you will also see the SOX since it is an area of personal interest to me. Forming a top takes time. This one could take another 4 or 5 months before it's clearly formed. That will give permabulls plenty of time to take advantage of the stubborn permabears poorly timed attempts at shorting. Remember the last major top was in October of 2007. October is usually a month where market bottoms form. What I am saying is anything is possible. Despite the recent rise in negativity, and volatility, both are still closer to overtly bullish rather than overly bearish.