7/15 - Whats with the VIX???

VIX - bullish hold of support...look at the hammer!


VIX vs SPX - bearish divergence like crazy



So what the fuck is happening? i have no idea...one of scenarios are setup for tomorrow:

1. VIX shows that today is bullshit therefore we will have a HUGE reversal tomorrow in the indexes that will kill the bulls that got sucked in today...that means a fall of 300+ IMO

2. VIX means nothing...and it will fall tomorrow to go back inline with SPX...or maybe it will just continue to trade sideways as it unhinges from SPX...

unprecedented shit like this makes me nervous...

here are a couple of articles that deal with the VIX's action today:

http://www.bloomberg.com/apps/news?pid=20601087&sid=aumBQj570lMg

http://hardrightedge.com/daily/?p=532