VIX & More... do yourself a favor and read

I just stumbled upon this analysis. It is a bit dated but it is highly recommended. The writer explains the transition from a trending market to a trendless one in which case osciallators that measure over bought and over sold - in other words, things like RSI and its more sensitive cousins CCI and STO's - will work better than trend indicators like AROON and to a degree, MACD which doubles as a momo indicator. I also like the way he ratios the more speculative $RUT with the mega cap $OEX.