Bottomed out where she was supposed too
Expect low volume pre holiday assblast back toward 1140-1150 then re-eval
Posted 20 May 2016 - 08:24 PM
I dont know when it will top next, closing back above the line on close downtrend, a couple weeks I guess,
but I do think next low is in 7-8 weeks and could be a good drop.
I am still waiting for a good 5th wave low in uvxy maybe within a couple weeks. I will try to buy some uvxy next week
it if washes out, probably end of July calls. If i have an excellent stock profits in the next several days I will take them along the way.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Posted 20 May 2016 - 09:15 PM
Updated the weekly it should peak May 31. A drop can run to end of July, but more again later quite ugly.
Next week is when I'll line up hedged incrementally in up days, one wash out day in uvxy
should be a good entry because it could be diverging by the high days I would take a wash out
day if it occurred.
"marxism-lennonism-communism always fails and never worked, because I know
some of them, and they don't work" M.Jordan
Posted 21 May 2016 - 04:13 AM