If there is no particular absolute choice of frame of reference, the guy who sits on Earth is also moving away from the guy on spaceship perspective and hence time on Earth should also dilate when viewed from the guy on spaceship perspective. But why does the guy moving on spaceship look younger in twin paradox? What am I misunderstanding terribly?
ADDED:: Is time dilation symmetric? If one frame of reference are moving with constant velocity w.r.t other, we have to transformation relations
$$\Delta t = \frac{\Delta t'}{\sqrt{1 - \frac{v^2}{c^2}}}$$ Does each one of them see clock on other tick slowly than their own?