Doesn't matter if the Dow spikes 200 or 300 points. It won't be able to hold any gains and will give them all up in a day or two. Like tydurban said1248-1255 is the area you need to be concentrated on and I agree. I won't be short vxx again until the so closes above 1298 again. It's not Greece that has been bringing this market lower over the past 2 months.