We said that meant that the volatility "swings" would be more extreme from the trough to the peaks. In other words, we said to expect market "whipsawing" until the pattern ends and has a breakout.

Here we are a week later, and last Friday did show us a more extreme volatility move with the VIX gapping up.

In spite of the gap up on the VIX, conditions remained mixed with the C-RSI positive (but lower), and the S&P in a sideways trading range.

All the noise about Dubai is not a problem right now.

What would become a problem? The U.S. Dollar ... if it starts to have a fast move to the upside it will cause a sharp down move in our stock market, so keep an eye on the Dollar.

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By Marty Chenard
http://www.stocktiming.com/

Please Note: We do not issue Buy or Sell timing recommendations on these Free daily update pages . I hope you understand, that in fairness, our Buy/Sell recommendations and advanced market Models are only available to our paid subscribers on a password required basis. Membership information

Marty Chenard is the Author and Teacher of two Seminar Courses on "Advanced Technical Analysis Investing", Mr. Chenard has been investing for over 30 years. In 2001 when the NASDAQ dropped 24.5%, his personal investment performance for the year was a gain of 57.428%. He is an Advanced Stock Market Technical Analyst that has developed his own proprietary analytical tools. As a result, he was out of the market two weeks before the 1987 Crash in the most recent Bear Market he faxed his Members in March 2000 telling them all to SELL. He is an advanced technical analyst and not an investment advisor, nor a securities broker.

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