I received an inquiry about the backtesting of the VIX Asset Allocation Model prior to the onset of the current bear market. I have previously discussed in several posts that the model produced satisfactory results since the origin of VIX data in 1990.CBOE VOLATILITY INDEX Index Chart - Yahoo! Finance Several of those posts are linked in this general one. VIX Asset Allocation Models For the period prior to 1990, I used the same model to make hypothetical decisions looking at a volatility chart of the S & P 100 and the Trigger happened before the 1987 crash.Trading and Asset Allocation in Stable and Unstable VIX Pattern
More information about volatility indexes is available at the CBOE website. CBOE - Micro Site
There are some ETNs for volatility but LB is still working on how to use them. see also, CBOE - Micro SiteCBOE - Micro Site There are now volatility indexes for many indexes, and I have just discussed a few of them. There is not enough data yet for LB to develop a model on gold and oil. Each index requires adjustments in the basic model to account for the inherent stability or lack thereof in what is being tracked.
Added: The model does not require a spike above 30 to classify a move out of a stable VIX pattern as a Trigger, with some flexibility on classification, but confidence level in classifying the move as a Trigger is significantly enhanced by a spike above 30 out of a stable bull VIX pattern.