Hi geffa,when the vix is low, volatility is low, and I read this...

Hi geffa,
when the vix is low, volatility is low, and I read this as 'there is nothing stopping the index from the direction that it is going' - ie, there are no bears around.

The dow should test 10,000 IMHO, so its a buy between 9250 and 9500. I prefer the weekly dow chart, and it shows there is more up to go. I do note that HV is at a very low point, as the bears have been quiet for a while now, but I dont try and pick when the bears will come in. They will have their day or 2, but will end up crushed by the pros. Even the long term MAs are turning up, this is a real recovery.