Tom Kasperski

David Fry's Daily Market Outlook

Re > "Many market technicians have been scrambling to redefine the indicator's (VIX) relevance. To date no one has discovered anything very meaningful that makes sense of readings over the past few years.

I think you overstate your case. VIX should be viewed relative to it's recent levels, not absolute level. Most technicians use VIX in this way. Here's a chart that shows VIX relative to it's 75 day moving average. stockcharts.com/h-sc/u...=$VIX&p=D&...