(This was a repost as my original did not let the VIX chart expand... this post does)
The VIX (surprisingly enough) jumped up nicely today in early trading.
Was this due to repositioning of the fund or true fear, I do not know. But when I see things like this, and the fact that the SP500 is still holding its high 800 support, it suggests the market may actually hold here.
I eased up on my shorts, and purchased some FCX on weakness today. Also, got into F again (as it is now consolidated).