DOWI-VIX correlation show that the market is too BULL?

CBOE:VIX   Volatility S&P 500 Index
When we do add DOWI             and VIX             charts one on the other, we can clearly see the correlation between the two indexes.
When the market is too BULL, VIX             is at a very low level. VIX             level is too low, and shows an overconfidence of the market. Immediatly a correction, that can be severe in deed is following. Putting a side the technical indicators, we may be able to anticipate a correction. Of course this chart doesn't show the level of correction, but at least, an idea of the timing of it and the short term trend
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