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COULD THE MARKET BE TALKING TO US?

The VIX (CBOE VOLATILITY INDEX) has put in a very nice bottoming tail on the 60 minute chart. This tail was on heavy volume and could be signaling further upside to the VIX. Often the VIX rises when there is fear in th emarket or when traders want to hedge their long positions. In any case keep an eye on the VIX.