NDX TA

http://stockcharts.com/def/servlet/SC.web?c=$ndx,uu[w,a]daclyiay[dc][pd20,2!b200!f][vc60][iut!Lb14!Lh14,3]&pref=G

Top BB hit, RSI near overbought.Complacency runs high, no one fears a decline.Presidential cycle is keeping traders long, and from selling. I don't give it high potential, but a reversal is possible today or at least a near term high for NDX is being put in.

People following the markets say the VIX (volatility index) is no longer VALID! Being too many are watching it, so like a watched pot......it negates its usefullness.

I counter by saying perhaps true, but more likely is the attitude that majority feel the VIX is broken, doesn't work, and to me that tells it will at some point.

D