Cramer’s charts of the fear gauge suggest sell-off pain isn’t over yet

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As strong as Tuesday’s rally was, it may not mark the end of the sell-off that ravaged stocks in last week’s trading, CNBC’s Jim Cramer said.

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Looking at the Cboe Volatility Index, also known as the market’s “fear gauge” or the VIX, Cramer and volatility expert Mark Sebastian determined that stocks could see another leg of pain even after Tuesday’s surge.

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