I can't disagree with you guys. What we are seeing in my opinion is a last ditch effort of the market. Since we've rebounded from January lows there is no more ground to make up. S&P is hitting a wall every time it churns up, but Make no mistake, TVIX will still decay as the market works this out. Think we are going to see more pops and drops until the madness is revealed. It could drag out awhile