OT to F4T: Thanks for relaying the info. I'm always glad to hear another side. I've been wrong before. I think there ARE a lot of experienced and savvy traders on the short side, but it is the emotional and inexperienced investors continuing to pile on the long side. So far it has been a tug of war. But I have patience. I don't think the VIX & VXO will drop much further than they have already fallen, that is to say somewhere around the 23+ level. We haven't had a nasty ugly down day since last March. One day like that and I could see VXX climbing 20% pretty quick. For my trade to work the market doesn't have to drop that far, only 10-15%. I still think it will. The Dow crossed the 9000 barrier. Once attaining those even milestones we tend to fall below them and consolidate. I agree with his gold position. Once gold held above 900 it has gained slowly and surely. My next target is @ $1075 an ounce, before another consolidation. I've also been in and out of gold for years now, and still expect my gold positions to double from current levels by year end. Good luck.
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