I don't look at the VIX that much any more, as I think the existence of inverse ETFs has somewhat diminished it's reliabilty as a sentiment indicator. Readings over 30 have traditionally been a buy-with-both-hands indicator, but that is in bull markets. By my way of looking at it, we have just entered a bear.The picture is the same on the NYSE. In the last few months, the time over 50 has been shorter than the time under 50, the exact opposite of what we have been seeing for the last couple of years, another indication that we are in the midst of a pretty substantial trend change. Now the fun begins.
I will have the new highs update shortly.