Twin Bottoms on VIX/PCR Signals Reversal

I found this pattern very interesting as I reviewed the VIX chart. Notice the 5 correlations of blue circle pairs. All represent a short term bottom for the VIX and the VIX PCR. All 4 previous times this has happened in 2009, the market and the VIX have made swift and significant reversals.



The dates and values of what the S&P did the previous 4 times are below.


Date ......... S&P ...day 1 ...end of wave ..% drop ...Preceding rally
---------- ----- ------- ------------- --------- ---------------
Jan 6th: ....934 ...906 ....871 (5 days) ....6.7% .........7.6%
Jan 13th: ..871 ...842 .....805 (4 days) ...7.6% .........n/a
Jan 28rd: ..874 ..845 .....825 (2 days) ...5.6% .........8.6%
Feb 12th: ..835 ..825 .....773 (6 days) ...7.5% .........5.3%
Mar 17th: ..778 ...? ..........? .....................? ..........15.1%


If the pattern holds form, we can expect a drop in the S&P by about 6-7%. Filling in the numbers, we could project that within a week, the S&P would be 731-723. But since all the other gains in the rallies were all but wiped out, perhaps the reversal is closer to getting back to 676


Additionally, what is interesting is, all of the dates listed above were preceded by a six day rally in the market (Jan 6th and 13th were back to back after 6 day rally into Jan 6th). We are currently in a 6 day rally. All 3 previous 6 day rallies in the s&p had similar VIX/PCR readings and all 3 lost all of their gains.


Does the trend continue?