12/30/2008... Later that day...

I have a new chart in my StockCharts Chartbook that puts out some price thoughts on where the VIX might go. I do not have the timing confluences worked out... just the prices.

I am also wondering if IYR is trying to put in a head and shoulders bottom. That would target the $50 level. I do not have it in my chartbook, but my Gannalyst IYR weekly chart has just under $50 as a major Fibonacci pivot. Seems far-fetched from here, but anything is possible.