You may be right, and I really hope that you are not. :)
I've been playing the bull trend and it has been working fairly well for me. I think we will touch $13 by next week as I have 200 VXXP13 contracts at $.02 that are counting on it.
I think people so desperately want there to be a bull run, that there is. When it crashes, and its inevitable, it's going to be very fast and very steep. That is how I am playing it anyhow.