Pls see this post from the sentiment trader on the VIX futures which is consistent with our VIX OSC
http://sentimentrader.blogspot.com/2009/06/speculators-betting-on-spike-in-vix.html
The VIX OSC usually leads 1-2 months on average and we are getting close to the 2 months as can be nicely observed on the chart....
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