If it drops slowly vxx will continue to drop at the same time. If it drops quickly enough to scare people than vxx will pop a bit.
I am looking for 26.
Really? We only went up 60 cents today with S&P 13 point drop. You think another 45 points takes us all the way to 26? That's 10X today's move for only 3 or 4 times the drop. I will be excited if we hit 23.75.