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Post by theMist on Dec 16, 2016 15:13:48 GMT -5
TVIX hits 9.60-9.61 - I'm taking some profits. Thinking TVIX bounces at that level to former slightly larger H&S pattern
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Post by theMist on Dec 16, 2016 15:21:02 GMT -5
Markets closing soon - not going to be enough time for 3 moves. lol
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Post by theMist on Dec 16, 2016 15:30:41 GMT -5
Close - hit 9.62 then bounced. Should still drop. Talk to you guys later. Have a good weekend!
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Post by theMist on Dec 16, 2016 15:51:18 GMT -5
So haven't gone just yet. lol TVIX formed larger H&S like expected. I bet in AH TVIX will be in 9.30-9.40 range. We will see.
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Post by novie08 on Dec 18, 2016 13:32:03 GMT -5
Is it too late to play these things? I just don't have time to sit and watch till after the first of the year. I'm thinking they go back up after the first.
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Post by walnut on Dec 18, 2016 17:03:09 GMT -5
Yeah they will bounce sooner or later. If you can catch them when they are falling (which is most of the time) and when contango is over 10, it usually seems to work.
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Post by novie08 on Dec 18, 2016 21:55:57 GMT -5
Where do you find contango numbers? Thx walnut.
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Post by walnut on Dec 18, 2016 22:41:42 GMT -5
This is probably the easiest: vixcentral.com/Mainly concerned with 1st to second months, right now it is very high over 18. VIX is getting down around 12, so contango is the main way that the scams can make much money right now. Can't normally expect VIX to keep dropping much further than this, but it might be a safe bet with this DOW 20k /Trump/Santa Claus rally we are in.
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Post by novie08 on Dec 19, 2016 9:55:43 GMT -5
And Rick Ackerman saying there's a 75% chance the Dow gets to 21,100!
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