4% pulll back and a front month of maybe 19 over the next two weeks only gets VXX to $10.50 would need a front month of 21 or 22 in the next couple of weeks to get $12. Could happen but I'm not holding my breath. Nice trade though . . . after 35% collapse in five weeks VXX was due for a bounce.
Front month 19 would probably only get it to 10.15 or so. 4% correction from here is unlikely- lot of buyers would step in at 1400, which is less than 3% lower. 5% is a nice round number off 1474 puts us at 1400.
4% that is exactly what i am thinking And no more there is 85b coming into the market that started in sept. and ends in dec.,40b thereafter not counting the feds latest statement that the fed is going to start buying stocks above twist and qe3.