Cobra wrote:Not sure if this is called retest of the previous low. The rebound is so damn strong...
Copra,
if your raising edge last week was correct, then target is it's base because it clear that wedgebroke now.. agree?rebound could be a test for the prevouse wedge
Normally, this at least should be a 2 legged up, so a little consolidation here, then may be one more up...
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Cobra wrote:Not sure if this is called retest of the previous low. The rebound is so damn strong...
Copra,
if your raising edge last week was correct, then target is it's base because it clear that wedgebroke now.. agree?rebound could be a test for the prevouse wedge
Could be.
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Well, here's so called back test, I won't hope much though given the rebound is so damn strong.
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I understand VXX has a huge problem, but short term, it's useful if timing is right. VXZ is better since it's mid-term. Last year, if I am not mistaken, VXX and VXZ rose 80% and 70% DURING LAST YEARS CORRECTION(April-June), that's best of all. But then again over time, XXV is far better than VXX, even today, it didn't lose much early this morning, not 1 to 1 of VXX, which is strange.
I don't think this is going to be L2 short here, the rebound is too strong.
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OK, my little evil hatched plan for bears. For fun as I'm about to be outside for 30 min.
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Just to let you know, in all middle east tv's Gadaffi is talking now live ( by the way his sone in Monday spoke then all market went down except Oil, gas, gold, silver)