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StudentBill wrote:Really feel like I should get out of my VXX right about now.
Congrads. I did nicely on VXX today too. Flipped XIV in the morning for VXX and sold VXX about a minute ago. Looks like this Volitility went way overboard today. I really wnat to pull the trigger on some small XIV in AH for a bounce tommorrow but I don't want to push my luck. This could get crashy quick.
I hope all thouse that were burned by UVXY and VXX before made something today... and don't stay over stay their welcome.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
up this thread as someone up an old thread on top.
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Thanks Knock I really appreciate your kind words I hope they are sometimes useful
Yeah looks like (at least one more wave down is missing imo) but I don't like that massive VIX spike because probability of the further decline has decreased
well we will see, GL buddy!
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
The same indicator (i.e. black line) on last Friday that showed real market intention for today as mentioned in last weekend report also showed that it wasn't that bearish from huge drop today. So, bears = don't be too greedy.
On a positive note, market tends to be green on Tuesday for 6-time in a roll. Short-term trading wise, I expect for one more drop before a significant rebound (need to see confirmation from ST signals).
Medium-term wise, I wait to see how market close by this Friday in order to show a very powerful and reliable signal that has been working at least 90% in the past. When that signal confirms, MT correction will usually begin. As usual, I'll leave all those MT signals for weekend reports.