Niiice call on that W pattern in volatility! I'm always a skeptic -- particularly when it comes to medium term trading patterns in a derivative like the VIX. i had some nice fat trades on that today.. was a beauty. wish i had the conviction to not be a skeptic on every trade i put on cause my first buy was 21 and my original plan was to ride half after i sold in 24s and 28s. today was 25.82 and sold a few, held some into close to possibly build a position. if this is the market top we're going to see ridiculous action in these 3x bears and volatility etfs. i do NOT trust the banks and their ability to manipulate, but when they lose control of it they wont be able to get it back for anything other than easing the drops, that's for sure!
and last but not least, when trend is in our FAVOR (ie market down) trading will be 10x easier!
I only know this due to white entitlement, clearly.
