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sold half of uvxy @ $16
Dow up 350...vix up 4%....blow off top....and sell the news drop coming over next 2 weeks
Highest ratio since 1987
https://www.yardeni.com/pub/stmktbullbear.pdf
Yes Deva...you were right about another thrust up....right now a bottom with a cup and handle in the UVXY chart....2 week long trade higher
So now we've found out that ALL of our credit information has been exposed....Houston...Florida and Puerto Rico have to be completely rebuilt...and North Korea has said we declared war and will shoot down anything in range....and we are down 59 and Vix is at 10.5....Bizarro
somebody just bought 251K Dec 15 Vix calls....just an fyi
and ur cute too :)
I expect a return to the 50 DMA very soon...a bounce...andd a break to the 200 DMA
yes please :)
The automated algorithm just switched...Vix has bottomed
Oct 24s....vix just hit 9.88
Nice call Deva...rotated out of Sep 28 uvxy calls into 50 Oct24 calls
That's why I say it's a window of 3-4 weeks...I just use it as a signal of an upcoming event in the favor of those buying the initial surge
Yes the first to cause the surge in options make the money almost always...when it gets extended over time the latecomers get nothing....usually a 3-4 week window
we'll see...long overdue for a shakeout...and it all looks lined up from here for a correction
Tom Lee....one of the most accurate forecasters of markets....just said he expects a 7-8% correction and a huge spike in volatility in the next 30 days...and he even through in a 1987 reference :)
so now we have Houston shut down...Florida shut down...and Experian getting hacked for the personal information of 134 million Americans which will lead to mass identity theft of the majority of citizens....keep buying
Been there...done that....like I said...I have a core position that I daytrade around and expect a significant correction in the next 2 months
how is it possible for the Vix to be stable and the market not to move but UVXY loses $1.50 in an hour?
My opinion is based on the entirety of my research....which includes cyles...sentiment...charts...history...seasonality...astronomic forces...and everything else I've ever learned about markets
Even more reason for a selloff now...PEs were influenced by interest rates...but there were 2 times in history where PEs were higher than today....1929....and 2000
no because I equate this with Reagan before tax changes were made and the general chart pattern prior to the drop
and if I could actually post images here....I'd compare the 1987 chart with right now....SCARY! And they'll come up with some excuse like"algorithms"... when in 1987 it was "portfolio insurance"
Fully aware...and based on everything else my research shows...it will be down! There has never been a time in history...including the internet bubble...where there has been so many on one side of the trade...this is why I think there will be a monster short term drop and subsequent recovery...like 1987
I daytrade around it but I have a core position of 100 28UVXY Calls
Hey Deva....Bradley turn date is today
I'd post the chart but I have no idea how to do images on this site....it's ridiculous....should be able to copy and paste
https://plus.google.com/+BradleySiderograph
There is a Dow failure to make a new high and it is riding the 50 DMA in a clear wave 3 setup...considering seasonality and the overall setup we are in a prime situation for a correction
They have trained every trader to sell any one day spike in volatility...which is why you will see a 1987 event with an extended elevation of volatility and the corresponding short squeeze in their position...get ready for it
Volatility sellers have about a half hour to cover....or get run over
Wow...these volatility sellers are about to get slaughtered
and bull/bear spread with investor's intelligence is crazy right now....all sentiment indicators are flashing sell
It could be...and the MACD crossover supports this....but I have Sept 7 as my turn date down into December and with VIX at 10 I'm not willing to miss this...it feels too much like the 1987 scenario
easiest trade in the history of markets....buy UVXY right now
added 70 28UVXY calls at 2.70 average
Well it's clear the top is in....Just saw a commercial for an ETF that sells puts advertised on CNBC
i usually use bear spreads with UVXY but not when VIX is at 10
with all the chaos....VIX 11....hilarious