OT to Food4: The retracement for VXX continues today as you can see. Lots of late comers piled into the market in the first half of July. That rally culminated on July 16th. The pull back started yesterday and is continuing today. It will intensify as the late comers realize they were late and start worrying about retesting the March lows, etc. They'll bail, then stop orders will start getting taken out, followed by programmed selling below certain inflection points. Volatility will surely pick up. If you're going to dabble in VXX I'd do it soon. We've rebounded to my average purchase price (I bought at $66.04 and more at $60.04) and I expect VXX to hit at least $80 and maybe an outside chance of hitting $90. I have a series of sell orders starting at $85.10 and topping off near $90. VXX can move quickly and I don't want to miss an intraday bounce. This is a very safe short term trade in my opinion, especially for a leveraged investment.
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