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LOL, I never said that. I'm playing the bounce that's all.
This is the thing, if the markets are going to bounce they need to do it here and they need to make up a lot of ground quickly. This is a risky play but I'm willing to take a gamble. If this doesn't work out I'm not holding a red play. I think the real money is short the market but what do I know.
That's what I did to start with but some bounce of dip os something had me raise it .07
1st but for NUGT is at 11.26
I'm watching GDX for an entry right now but don't like the fact 19.67 didn't put up much of a fight.
First long XIV $38.50
GDX getting very close to that 19.67
VXX $22.35
Anyone still in XGTI?
Right on brother.
NG is in the target area where it could see a major bounce, just and FYI.
We have our 5 down from CL, this is looking better and better for DWTI.
NG broke upper trend line.
I've been looking at TVIX/UVXY and the more I look the more I'm sold on this play. I do think you're timing may be just a smidge off but when it's all said and done I don't think it's gonna matter. What I'm looking for is a VXX pullback to hold 21.06 for my long entry into the volitility plays. So in other words I think TVIX/UVXY goes lower anytime now and I do mean like starting within the next few minutes and the move lower should take the rest of the day. No matter if it's done or not as long as 21.06 holds I'll most likely be holding overnight just in case it gaps higher in the morning. Now if it doesn't hold $21.06 I'll wait but will be stalking this for a long entry. If I was already in I'd hold but since I have the opportunity to try and get in lower that's what I'm gonna do. One last thing, if this fails to hold $21.06 than $20 is the entry but everyone should be watching this right not for an entry IMO.
Anyway it shouldn't go any higher than 61.36 but ideally we wouldn't want to see anything over 61.30.
Who gonna teach cause I'll be front row, lol.
Anyone want to take a guess where this 4th wave/correct should end?
ES may see a bounce soon but I still think you're on the right track with TVIX.
Let's see where CL bottoms first and I can give you a more accurate number. At the moment 60.30 confirms the high is in and will give me much more confidence in the wave 2 buy.
OK EST, oil should be printing it's 4th wave right now. The next low will be 5 down followed by a 3 wave bounce in wave 2. That will be the load zone for the next DWTI trade.
Currently have 19.67 as the possible bottom.
Good Luck MM.
Congrats to the DWTI longs from this morning.
Without going into too much detail CL is only in the 5th of the 3ed wave lower, meaning we still have a 4th wave higher and a 5th wave lower before the we get 2 nd wave retrace.
DWTI ROCKING>>>>
CL is completing the 5th wave lower. Resistance for the CL bounce is now $61.80-$61.98
I'm trying, very busy with oil and nat gas, can you please watch for 19.60, that's the low target and should provide support for the move higher. May not get there bit 19.60 should be close to the low.
Ideal retrace for CL would be between $61.9 and $62.06
One more low from oil will give us 5 down, right now we still only have 3.
CL looks like the first drop was only the a wave
DWTI looking good.
DWTI go BOOOMMMMM!!!!!!!!!!