WOW!
....but wait! Here's the catch though:
Conclusion:
Without getting into detail explanations of the relative patterns between the two, one result seems to be indicative certain: if we have not seen the bottom of VIX in October, the SPX top should be even further down the calendar road than stated late January 2010.
I am very interested to find out is there any merits in this hypothesis.
Did the Oct 2009 low of VIX remain to be the "bottom" after I posted that?
No. The latest newer VIX low was in Jan 11, 2010.
So, as per my same "hypothesis", we did not see the S&P just yet, the top should be 2~2.5 month from now. To be clear, the "top" used here means the top of the March 09 rally.
Looks like I'll have to stay in 'interested' longer.....
