From The Big Picture:
VIX Pullbacks
By Barry Ritholtz - August 16th, 2012, 5:24AM
On Monday, we showed Dick Arms’ chart correlating this level of VIX with subsequent market tops (The Disappearing Market).
Since then, Market Tech Reports noted the percentage drops associated with the VIX at this level — from 6-19%. Its noteworthy that each of these falls have been arrested and reversed by Fed actions involving QE or Operation Twist.
