MIDNIGHT BLOGGING

Maybe the only time blogger works is in the middle of the night and sorry for the lack of posts but "its now working very well." Hopefully GOOG runs the rest of their businesses a heck of a lot better than they run their blogger. Anyhow, I think that picture above tells quite a story, first of the VIX and its highest point since sometime in early 2004, and then the SPX with its huge positive divergences. I haven't heard many others discuss it but those things are sticking out like a soar thumb.

Closing on the lows on Wednesday after being up in the morning and closing on the highs on Thursday after being way down most of the day. Interesting times and hopefully the double island bottom is now in.