VIX Indicator

I'm trying to figure out whether this Janurary rally will take us any higher, and I remember that people always talk about the $VIX when they talk about market indicators. I found this article about the $VIX on Trading Markets.

"The proper way to use the VIX is to look at where it is today relative to its 10 day simple moving average. The higher it is above the 10 day moving average, the greater the likelihood the market is oversold and a rally is near. On the opposite side, the lower it is below the 10 day moving average, the more the market is overbought and likely to move sideways-to-down in the near future."