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Post by lasvegas77 on Apr 5, 2017 13:49:07 GMT -5
Eventually it will hit all time lows. But the question is if you can stay short through the volatility. The highest i have seen it go is up 900%. If you can handle that, then that's fine.
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Post by walnut on Apr 5, 2017 13:49:54 GMT -5
yeah right - for a morning gap fill possibly or yesterday's lod 15.60 My plan is long term, but my emotions are very short term |
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Post by walnut on Apr 5, 2017 13:51:03 GMT -5
Eventually it will hit all time lows. But the question is if you can stay short through the volatility. The highest i have seen it go is up 900%. If you can handle that, then that's fine. Nothing like that is in the cards yet but it is coming Jobs and growth are just now hitting an upswing after a crappy late winter. |
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Post by lasvegas77 on Apr 5, 2017 13:51:24 GMT -5
Unfortunately, we have no idea what this will do when a real bear market actually comes because one hasn't existed with tvix in existence.
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Post by lasvegas77 on Apr 5, 2017 13:52:57 GMT -5
I agree with you that this is not likely to be that huge move yet. However, I do expect a mega spike coming. This can change but at this time, im very bearish.
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Post by lasvegas77 on Apr 5, 2017 13:58:44 GMT -5
Eventually it will hit all time lows. But the question is if you can stay short through the volatility. The highest i have seen it go is up 900%. If you can handle that, then that's fine. Nothing like that is in the cards yet but it is coming Jobs and growth are just now hitting an upswing after a crappy late winter. Bear markets don't always come because of a bad economy. In the roaring 20's the economy was still good and look at 1987. Economy was great. |
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Post by walnut on Apr 5, 2017 14:00:58 GMT -5
I know but that is about all we have to go on. better have a fast trigger finger or your stops in because vix can jump fast.
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Post by walnut on Apr 5, 2017 14:02:04 GMT -5
We are debating a crash but in a week we will see that this was not the crash.
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Post by theMist on Apr 5, 2017 14:04:02 GMT -5
Eventually it will hit all time lows. But the question is if you can stay short through the volatility. The highest i have seen it go is up 900%. If you can handle that, then that's fine. I think that 900% number is a little high BUT yes I do agree you can get burned if you don't manage risk correctly. As a chartist, I've maintained a large iH&S target of SP 2460-2470. When I briefly put on my Bear hat, it was for a possible correction down to SP 2300 area. We hit SP 2320 and never fully got to that pullback target. Even during the selloff, I mentioned that if this is the BEARs idea of a selloff -- it's pretty pathetic and put back on my bull avatar BUT was really always a BULL because the large S&P RISING channel off the 2009 lows wasn't even close to being breached. If the market didn't correct then (a real correction) and we only had a 1-2% pullback from all time highs, that tells you that there is a lot of money sidelined that doesn't want to miss this rally anymore. Now, S&P has been in a rising channel/wedge. That large rising wedge broke out and went sideways. What I am thinking and other chartists whom I respect believe that the S&P large iH&S target of SP2460-2470 will be hit on a backtest of large rising wedge. Once that SP 2460-2470 target gets hit, then it will be time to be nervous of the BIG ONE and it doesn't mean that SP can't tap 2500. SP2460-2470 is a minimum target. So, until that target gets hit -- it's BUY THE DIP IMO and short the spikes in SCAMs and by the time that target gets hit VXX will be trading in single digits. IMO |
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Post by theMist on Apr 5, 2017 14:05:30 GMT -5
Las Vegas --
Market Tops are formed when things can't get any better
Market Bottoms are formed when things can't get any worse
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Post by walnut on Apr 5, 2017 14:12:31 GMT -5
LasVegas is good at making me nervous  |
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Post by theMist on Apr 5, 2017 14:14:55 GMT -5
roflmao - why do I doubt my calls?!
and there's VXX HOD 15.64
lets see if the turd can get to 15.68
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Post by walnut on Apr 5, 2017 14:18:23 GMT -5
That's the spirit! double down
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Post by lasvegas77 on Apr 5, 2017 14:20:40 GMT -5
LasVegas is good at making me nervous Haha. nice gif Walnut. You are pretty funny. But now you see why i like sleeping so much. |
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Post by theMist on Apr 5, 2017 14:21:41 GMT -5
VXX filled morning gap -- time to short more
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Post by walnut on Apr 5, 2017 14:24:09 GMT -5
Apparently every trader is having this nervous talk. Time to short much more
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Post by lasvegas77 on Apr 5, 2017 14:24:58 GMT -5
Looks like the market is pricing in a war with Syria.
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Post by lasvegas77 on Apr 5, 2017 14:26:30 GMT -5
This is probably the biggest one day reversal on tvix in a year.
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Post by lasvegas77 on Apr 5, 2017 14:28:50 GMT -5
This is probably the biggest one day reversal on tvix in a year.
I went back to the old charts on tvix. You are right mist. It was a little bit high on the gain from 2011. It was more like 700% instead of 900%. However, i don't think it would make much difference if it went up that much anyways.
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Post by lasvegas77 on Apr 5, 2017 14:30:25 GMT -5
The fact that the fed wants to wind down its balance sheets this year is a huge risk for the market. It's like reverse qe.
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