11am update - VIX breaks the 2013 high

The VIX (if briefly) breaks to 22.06, surpassing the 2013 high. Many are now starting to realise 'something new' is underway. A VIX weekly close above the 200 MA in the mid 17s - now seemingly a given, arguably confirms the equity wave from Oct'2011 is.... complete.


VIX' weekly

sp'daily5

Summary

Well, I've seen more than enough now... I could reel off a long list of reasons... but if you're a regular reader.. you know what I'd say anyway.

Suffice to say... on the next bounce... somewhere from 1910/00... to 1970/90..... I think it will make for the best re-short since July 2011... and we know what happened there, right?

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time to cook