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Actionable news in VRX: VALEANT PHARMACEUTICALS INTERNATIONAL,

Jim Cramer: Charts show the remarkable bull run still has legs

Stocks have rallied hard recently, but charts indicate that there is more room to run, Jim Cramer says.

"The big bull run over the past three weeks might not yet be over," the "Mad Money" host said.

To gain further insight, Cramer consulted with technician Mark Sebastian. He is the founder of OptionPit.com, a colleague of Cramer's at RealMoney.com and an expert on the CBOE Volatility index, also known as the fear index.

Many investors use the VIX to measure a perceived volatility in the S&P 500. In the heart of the Brexit sell-off, Sebastian advised Cramer that the market would come roaring back. He nailed the bounce on the morning of the exact day it occurred.

Sebastian made the call by comparing the S&P to the VIX. Normally he expects the VIX to fall when the S&P...


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