Up we go again?

In Indian markets, I see that the institutional investors aren't participating in the upmove. Neither are they betting for a huge move downwards in the short term.

 

Here's some interesting analysis of $VIX behavior:

http://www.patternprofits.net/2009/07/buying-panic.html

 

Pullback time after MSFT result...and then the debt ridden rally continues...

 

The 23rd was another case like the 15th where the S&P rose as the $VIX rose. The markets are being forced up.

 

High 930s to low 940s look like a good entry zone, if the price pulls back to that level.