A sub 9 VIX means U.S. markets will rejoice in the short-intermediary time frame, next 6 to 8 months, because the government chose to kick the can without cutting defecit speding. Therefore credit rating agencies, Moody's and Fitch will downgrade U.S. debt in the third quarter of 2013 or earlier, while S&P rating may go for more.
I do not think people really have grasped the magnitude of developed countries debt situation and there solution to monetize the debt. Inflation with government debt induced growth (repaid with higher taxes) destroys the wealth and future earnings of the middle class.
Law of Diminishing Return (Developed Countries GDP Growth 1880 to 2000 compared to 2000 to 2080) = a return to Equilibrium (negative real growth adjusted for Developed Countries liablities, government and consumer)
IF U.S. decides to kick the can once again, Markets will hit new highs this summer, Silver will top out over 80 later this year. Commodities will eventually kill all growth and in late 2013/early 2014, as you point out, the world markets will decline.
90 Days from the November 16 low will be FEB 14 which is a possible turn date. 45 Days from Nov 16 was DEC 31 so Gann nailed it there. Will see how it plays out in FEB. I enjoy your charts.