The Big Boys, page-269

I'm also expecting volatility to continue.  If you combine EM's liquidating FX Reserves (discussed above), with the new market protecting regulations...dodd frank etc there seems to be a huge impact to liquidity.  When the market makers have their hands tied, it's a 1-way street, particularly on the downside when fear is rife.

Check out the size of candles compared to 2008 crash, then look at the difference in volume...it's all about liquidity.  

Looking to wade into VXX on dips.