Yesterday I was convinced that we were going to have a major run in the markets. Another huge sell off resulted. I wish I would have held onto my index shorts. The VIX is not even close to being in a buy signal like it was on Feb 22nd and Mar 17th. It’s getting closer, but the hope that we wouldn’t break our 2007 support is gone. The smart money that has been heavily short since May 19th are going to have to see a lot more from the Bulls to even consider scaling out of their positions. The 11th through the 13th are the dates that almost everyone in America gets their statements. I’m sure there are a few that remember the tech sell off. I’ll bet the call their brokers….