Match in VIX and HSI (2011-02-08 VIX analysis)

As mentioned, today I would post my analysis on VIX to find out whether my forecast on HSI would be likely or not. It seems like everything matches.

Daily chart of VIX:


Obviously, volatility index has dropped to very low recently. It is also forming a wedge (the red and green lines). The index touches the green line. As long as it doesn't break down, it would definitely jump up again. Therefore we could expect an increase in volatility in coming future.

If it even breaks the red line, the surge/slump of HSI would be so great and to very great extent. Becareful everyone.