We'll see how the spinning tops work on the $NYA. For the $VXN, it's following down with historical volatility. I may not be as bearish as it looks. NDX: DAILY 1 YEAR VOLATILITY CHART <img src=http://www.ivolatility.com/nchart.j?charts=volatility&1=ticker*NDX,R*1,period*12,all*4,schema*options_big> <A HREF="http://www.ivolatility.com/options.j?ticker=NDX:&R=1&period=12&chart=2&vct=" target="_new">http://www.ivolatility.com/options.j?ticker=NDX:&R=1&period=12&chart=2&vct=</A>