Capitulation for the bears

Today the Down Volume to Total Volume was .03.  Since 1980 the lowest it has been is .02. Since 1980 the it has been at .03 two times and .02 two times.
Here is what the SPX did the next day.

Could this low down volume signal capitulation for the bears?

The first time this occurred was recently in March, this lead to a strong rally from March up to June.
 The second time was in 07, the market again rallied before peaking.

Before 2007-2008 it occurred 3 times in the 80's first time was in 85.

Second time was in before 85 in 82 and this occurred twice.

So out of the 5 times this has happen the market has rallied for a while after, for the case in 82 and 85 it marked a market bottom.  The last time it occurred twice in one year marked the 82 bottom.  Could it have been the same for 09?

The ratio for the upvolume for total volume was .96 the next highest ratio is from 1988 at 1.01 and 1.13.  Look at that chart:

Taking a longer look at the charts, the .02-.03 has usually meant at least a month of more upside. If not a complete new bull market.
In the case of 07, it was a exactly a month before the market began its bear market.
So it will be interesting to see what the next few months bring, 1000 might be on the horizon.