The VIX is predicting another sell-off

I completely missed this over the weekend, but caught it during my reading tonight over at Zerohedge.com [click here.]  The VIX (Volatility Index) closed below the lower Bollinger Band again on Friday...a sign of peak complacency in the markets.  The last two times this has happened have been followed by spikes in the VIX and sell-offs in equities.  Back in April when this occurred, I bought out of the money, forward calls on the VIX and made 10x profits on my position within 4 weeks.  I will definitely be making a similar entry this week, but I'll warn you all right now, just because a technical sign has always worked in the past doesn't guarantee it will work again in the future.  Translation:  don't go fucking nuts with your position size.  This is just another trade, the same as any other trade you would make, so keep your money management principles firmly in place and manage your downside risk. 

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Off to bed now...good luck trading tomorrow.