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Post by clinton on Mar 21, 2017 12:51:42 GMT -5
gold and TLT dont get bullish for no reason
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Post by theMist on Mar 21, 2017 12:53:56 GMT -5
You guys are definitely having your day finally
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Post by lasvegas77 on Mar 21, 2017 12:56:41 GMT -5
I think it can get to 24 if it gets bad enough. I'm not betting on it to get there but I would feel so much more comfortable putting on a long term short there.
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Post by clinton on Mar 21, 2017 13:00:06 GMT -5
You guys are definitely having your day finally Fundamentals always win in the end |
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Post by lasvegas77 on Mar 21, 2017 13:00:06 GMT -5
That would essentially take out all the gains the shorts had from the start of the year for those who put on their trades then. vxx now back to the high of the day and snp is plunging. People might actually panic now that the snp is losing 1% for the first time since October.
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Post by theMist on Mar 21, 2017 13:02:09 GMT -5
You guys are definitely having your day finally Fundamentals always win in the end I still stick by TA  Huh did point out the H&S earlier and with striking similarities to 1987 and I do see it - just didn't think would play out like it would today and BTW - I'm with ya now |
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Post by theMist on Mar 21, 2017 13:04:32 GMT -5
When VXX left behind all those gaps and didn't fill in normal 2-4 weeks, I was very concerned and surprised at same time.
Those gaps will have to fill eventually
I'll bump up the thread
VXX Minding the Gaps
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Post by lasvegas77 on Mar 21, 2017 13:04:54 GMT -5
If you pointed it out and didn't act on it, it doesn't really help you. What matters is what you actually trade on. I think Technical analysis and fundamentals need to both be taken into account. Sometimes one prevails over the other for a period of time. But you need to keep in mind that it may revert back the other way finally.
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Post by lasvegas77 on Mar 21, 2017 13:06:14 GMT -5
Also if you misinterpret the technical analysis when the fundamentals are bad, you really can get it to you. Remember how bullish you were feeling last week at the highs?
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Post by theMist on Mar 21, 2017 13:08:16 GMT -5
I know they can turn things on a dime and obviously they did this morning
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Post by lasvegas77 on Mar 21, 2017 13:09:24 GMT -5
I would like to revise my potential target of 24 to 20 for vxx. I was using tvix for my analysis.
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Post by theMist on Mar 21, 2017 13:17:36 GMT -5
ya know what the funny thing is
VXX looks like it wants to rollover now going into the close
and VXX 15 min indicators look like want to rollover as well
VXX 16.15
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Post by walnut on Mar 21, 2017 13:22:42 GMT -5
True contango is 6% haha Haven't seen that for awhile
(March is dead to me)
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Post by theMist on Mar 21, 2017 13:31:07 GMT -5
I'll laugh if VXX goes red
with all of us talking VXX targets in 20-24 range
VXX indicators just rolled bearish
have to see how price action reacts
VXX 16.15
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Post by lasvegas77 on Mar 21, 2017 13:34:48 GMT -5
I'll laugh if VXX goes red with all of us talking VXX targets in 20-24 range I've seen it happen before.. But that was when the fed was friends with the president. |
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Post by walnut on Mar 21, 2017 13:35:25 GMT -5
I'm still riding this out but I have to admit that this is probably not done yet, too bad
Looking better now though
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Post by walnut on Mar 21, 2017 13:37:10 GMT -5
VXX only 18 cents higher than Monday morning, after all the drama
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Post by lasvegas77 on Mar 21, 2017 13:38:02 GMT -5
Regardless of what happens for the close, the relative calm that investors grew used to is now broken.
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Post by theMist on Mar 21, 2017 13:38:40 GMT -5
I'm still riding this out but I have to admit that this is probably not done yet, too bad Looking better now though Good call Walnut - your cooler head has prevailed VXX 16.08 |
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Post by walnut on Mar 21, 2017 13:52:31 GMT -5
Thanks, hope it works out
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