. ♪ trader tim biggum joins us he's the lead option strategist with think or swim and he is on the showim. good to be back angie. and we would talk about the sweet 16 and i said absolutely tend because we did talk about michigan state but actually she's here to talk about the volatility index. so we saw all the 16 on tuesday was that mean to traders? but it's really a difference looking back at the previous three times that of the vix all trading of the vessel will mark all signal market tops lead on certainly implying volatility is a pleasure of the facts have come down sharply over the past year and so on. the previous 06 sting levels of the vix of may of 2000 and a hot market high on october of 2007 our all-time market high. want of july of 2007 the previous all-time market high. it so 166 of the past three times has been dead on almost to the day and signaling a market top. that's a pretty good track record so on wednesday we did indeed see the market slowdown and the vix started to go out so does that mean what's to come? now what will ultimately will have to see but you always wan