VIX index climbing up! Good! Very Good!

VIX is climbing up. Is it a good sign or a bad sign? For contrarian, it is a good sign. High VIX indicates high volatility and market declines. Thus, I think it is better to start buying stocks when VIX reaches its resistance and start selling stocks when VIX reaches its support.

These few days, VIX crosses above 30 which last seen in July 2009. VIX goes up, stock market goes down.

Best of luck, guys.

GOon

introduction to VIX and my previous posts pertain to VIX.
http://cathoon.blogspot.com/2009/07/investors-get-second-chance-at-bull.html
http://cathoon.blogspot.com/2009/05/cboe-volatility-index-updated.html
http://cathoon.blogspot.com/2009/05/cboe-volatility-index-fear-index.html