Common all you tech analysts... This is where you get to say... Divergence! (For all you non-tech analysts, divergence is often a strong indication of market reversals)... Don't take it from me though, this all comes from Larry Williams' mouth...
VIX > 20 Worry. VIX > 40 Fear. (Last year, May/June.) VIX > 80 PANIC! (Only happened in 2008.) We are currently at the level of "worry".
VIX looks to be highly manipulated and means almost nothing in the bigger picture this year. Who is "worried", the Bulls or the Bears ? How do you know ? Why do you care ?
Tech analysis says its been a flat range bound market ALL YEAR. We are smack in the middle of the range. VIX has been up and down all year, its practically meaningless.
Shortie's got his knickers in a knot over that math calculation then. I can't see it as being very important in a range bound market. Much ado about nothing.