Note how the VXN which was only down -1.02% on Friday and in the past has been a successful leader of volatility didn't respond to the VIX or VXO being down tremendously at -11.05% and -13.26% respectively... with that said, I'll be looking for the VIX to close around its 50 day average on Monday which should act as a buffer to any further downside... I still believe volatility will soon breakout and in a big way... it's not unusual to have a nasty shake out in these indexes before they explode towards the upside in a huge way...
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