Here's a little thumbnail for gauging how far this rally is likely to go and as such it's a short only system. The system hold time optimizes at 10 days, but given the current uber volatile character of the market and the recent failure of intraday and/or opening rallies, a close stop is highly recommended before deploying any $ on this system by itself.
Finally, but not most importantly, there's a great little study by Bill Luby using the %B function on the VIX. This coincides nicely with my weekend post on the VIX/price crosses as I try to get a better handle on the intriguing possibilities of this indicator
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