There goes that pesky volatility again

Several days ago, I talked about how we've seen several volatility spikes in recent weeks -- each followed by a higher low. My verdict: That could make bottom fishing and bottom calling a dangerous game. Today, the Dow got pounded. And sure enough, it looks like we MAY have made another higher low. The question now, of course, is whether we'll see VXO 35 again. Enquiring minds want to know.