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September 25, 2012  Tue 12:45 AM CT

VIX: SEE CHART GET CHAIN FIND STRATEGIES
The CBOE Volatility Index rose into yesterday's close, moving back into positive territory even as the VIX futures fell.

The volatility index finished at 14.15, up 0.17 points. It started the day above 15 and fell below 14 before rebounding. The S&P 500 entered the final hour positive but ended down 3.26 points at 1456.89. The two indexes usually move inversely.

The October VIX futures were down 0.15 points to close at 15.90, and the November futures fell 0.35 points to 17.55. The drop in these VIX futures pushed the iPath S&P 500 VIX Short-Term Futures ETN (VXX), the VelocityShares Daily 2X VIX Short-Term Note (TVIX), and the ProShares Trust Ultra VIX Short Fund (UVXY) all to new lows.
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Timing the Trade

Both break outs and a break downs need to have a couple things happen before it is considered a confirmed break out or break down by technical definition!  The only problem is that in today's market where things move much more quicker than they did just a few years ago, two days could wind up being the majority of the expected movement, if not the whole movement.

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