VIXKerb,
I have charted VIX short, med, and long term.
I have a target for VIX this week around 21. For January VIX target would be 37. Early this year I expect to see VIX in the 70's.
VIX probably has already bottomed. VXX is a different animal though so not sure on that, but January should be a great month for VXX.
SC