Volatility index still edging lower this opex Friday morning

Volatility as measured by the VXO (shown at right) and VIX (not shown but consistent) edged down to make another slight new low along the downtrend lines I've marked onto my charts. So from the volatility-based trading methods, there won't be a classic trigger for "buying" volatility (selling equities) until these volatility indexes move above today's high. (Or if they edge to new lows again Monday, then above Monday's high.) Naturally there could be an intraday reversal, but with the cycles indicating a positive skew into late today and Monday morning, we should not be relying on that to occur.