Thanks. May be the VIX and VXN doesn't work as well as it use. I guess looking at that ratio chart we won't see the market bottom or this ratio $VIX:VXV top until around ~1.15, which would put us at testing July lows for the $SPX and quite possible going towards March lows for the $NDX.
The out of the Bolingerbands on the VIX:VXV shows the tops/bottoms nicely.