RE: A graph that makes more sense than EWA?No, that is not how the VIX works, etreme highs are an indication of extreme pessism and are used by traders as a contrary indicators
Extreme lows are a sign of escesive bullishnes and euphoria.
Now the GVIX doesn not have a lot of historical data and am unsure how large a data pool mr. Droke uses so it's reliablibity as a contrary indicator is not assured....although again anyone buying at the peak has done very well.