Been in meeting all morning. Will just say I LOVE ME SOME TRADERGIRL! Great charts, great contributor to the board. Kenttown, your stuff is good too. Just agree to disagree and move on.
so far looks another bear flag so the bias still is down. I'm pretty much still in cannot believe this mode though. Maybe finally bear's day is coming...
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StudentBill wrote:I expect XIV to top out it's upward correction this morning somwhere around 23.00 to 23.25 before resuming it's down trend. IMHO because I stink.
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I don't think you stink at all StudentBill In fact you were right on the money: congratulations.
Ha thanks. Usually right after I post a chart the opposite thing happens. Just trying to learn from you guys. This chart setup is really nice for XIV/VXX.
mini rebound target. bears would be very happy if bulls cannot even rebound to the target.
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Btw, last week, I alerted members that we could see a bounce at the support line...anyone who bot there could have sold their position this morning for a 9.5% profit....
TraderGirl wrote:Btw, last week, I alerted members that we could see a bounce at the support line...anyone who bot there could have sold their position this morning for a 9.5% profit....
TG, This is the XIV chart, but you showed it with previous bounces and failing at similar previous attempts which is why I thought you were saying to hold onto XIV shorts (or VXX).
Well since it has got back to my break even I wondered whether to hold VXX or BTBD!?
My comments were dictated to me by homie the clown
mini rebound target met, now testing resistance. wait. I'm neutral.
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TraderGirl wrote:Btw, last week, I alerted members that we could see a bounce at the support line...anyone who bot there could have sold their position this morning for a 9.5% profit....
TG, This is the XIV chart, but you showed it with previous bounces and failing at similar previous attempts which is why I thought you were saying to hold onto XIV shorts (or VXX).
Well since it has got back to my break even I wondered whether to hold VXX or BTBD!?
Jman, I think it's possible to see a low of some kind on the 27th with possible bounce in between....please don't get upset if I am wrong...but you should decide for yourself whether to take your position off the table or take the risk that it will be profitable by the 27th...it's your call....
this rebound has legs. sorry bears. still the rebound could fail but only 50% chances I'll say.
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