For what I mean, just look at the intra-day chart of the VXN on a Yahoo chart and it will be pretty clear. This is not a drop on a 45-degree angle: <A HREF="http://finance.yahoo.com/q?s=^VXN&d=c&k=c1&a=v&p=s&t=1d&l=on&z=m&q=l" target="_new">http://finance.yahoo.com/q?s=^VXN&d=c&k=c1&a=v&p=s&t=1d&l=on&z=m&q=l</A>