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You still haven't looked up what Backwardation and Contago are, but that's not going to stop you from pumping. I'll post a simple explanation for anyone who might be following you - Lord help them.
Backwardation means traders are paying more for this months contracts than for next months. Backwardation is rare and doesn't usually last long. The last time it lasted this long was when we had an earthquake in Japan. That was a true black swan, unlike your Scottish vote, which didn't pan out for you.
Contago is the norm. It means traders are paying more for next months contracts than this months. You see it's following futures contracts. I've repeatedly told you to look up the curve chart and it would be very helpful to post that link on every pump post, so traders know what they are speculating on. The contracts constantly roll and that's why the daily chart is worthless. It resets every time the contracts roll even though it appears to be continuous.
I've seen you tell people to hold and be patient on TVIX all the way down from $7. I doubt anyone sees you as an expert, but if they do, they'll live and learn. The folks who short TVIX, UVXY etc. etc. are counting on people like you and them to keep them in the money. And they never have trouble finding you all. If you are working for them, I hope they're paying you well.
For anyone reading this - it's not a warning to stay away. It's a warning to do your homework and understand the product you are buying and selling. Holding and being patient on a VIX product is a gamble. Some will win and some will lose, and you should always know when the VIX rolls in order to determine if your gamble is a longshot or a safer bet. Any poster who is either too lazy to look that up, or too clueless to understand what it means, should definitely be ignored.
Nobody posted stay away, the posts you are referring to tell people not to listen to the poster for giving you are hard time for flipping. All 2X and 3X ETF's are made for flipping. Additionally posts were asking both you and the poster who was giving you a hard time when the VIX rolls and to do your homework on contango and backwardation. That advice stands - many make money off VIX products without the need to pump it on a message board. The fact is most traders are too lazy to understand the VIX products. You can have lucky days, we all do, but you can't have a lucky career. Consistent gains requires alot of work
Check out the volume on DENN - grand slam earnings on the menu?
Market started dipping after news about Dallas Cowboys RB busted for shop lifting underwear
http://espn.go.com/dallas/nfl/story/_/id/11699736/dallas-cowboys-rb-joseph-randle-arrested-shoplifting
Not much of a dip on DPW yet, guess they can't find any stops to pull
JNUG/JDST having trouble finding MOMO today first time since Sept FOMC
JNUG taking a 3rd attempt at resistance
DPW dipping here, but it's super thin
SARA my problem with it is liquidity, also note that last time it took off Ameritrade required you to call the order in. Something fishy with that one. Like I said, plenty of oil pincher charts to choose from, no reason to mess with illiquid ones. It was one of my best picks here 2 or 3 years ago, can't remember, so I look at it, but there are better ones out there now imo
HK is a daily pincher too, nice volume, but struggled at the hourly MA20, so could still whipsaw on the daily. Plenty of oil pincher charts to play now
XCO is a nice oil daily pincher. I'd focus on those imo, no reason to mess with the illiquid ones
DPW is a low floater to watch, it's very thin but might dip here
$RUT whipsawed on the EMA8 like pinchers often do, weekly ADX is still low, but increasing
We're still in panic mode for now. It's been quite a while since the SPY was forming a pincher, it could go on for a while
VVIX over 100, VIX is in backwardation. This was always a good place to jam the shorts during QE
JDST up 19.4%, TVIX up 8.6% and that's just today. Let's review this on the VIX roll date. Can you tell us when that is?
JDST/JNUG are still beating VIX products day after day with no VIX roll risk. BTW you really should be posting the VIX roll and contango numbers when you pump VIX products on a message board. Some traders are following you and they might think VIX products are like stocks
I've been posting JDST/JNUG for a while. JDST doubled after the last FOMC. They've been beating the VIX products day after day without the VIX roll risk
JNUG hit $11.00, it can get pretty wild at the close
JNUG hit the hourly pincher target, no telling from here, but GLD and NUGT did pass the target, so might be safe to assume it'll keep going a bit more
JNUG just hit my $10.60 target, 12.77% today
Thanks, been watching that, SPY hourly pincher worked 3 times, daily still forming, it'll be interesting to see of the RUT goes first
JNUG over 11% while TVIX and UVXY can barely get off the ground. Hourly pincher target for JNUG looks like 10.60
JNUG hourly pincher testing resistance. Note: JNUG and JDST continue to beat the VIX ETN and ETF's day after day
DRD my monthly pincher Gold pick from last week still going
PDEX trying again, it's traded over twice it's float, so no telling what the plan is here, but VWAP is around 3.30, so that's a possible target
GMAN turned out well. Monthly pincher with a small float, could stay in play for a while
GMAN monthly pincher might be worth checking out
PDEX no resistance until 4.12 but it stopped at 3.94, so it might try again later
PDEX watch this one if you're not already
GSL is on my radar, no position yet
IPAS popping above the weekly MA200
IPAS is barely over weekly MA200 after 2nd attempt at it. I'd like to see a little more volume, but resistance looks like 1.84 and 2.25, if volume can sustain
VVUS, fipped it earlier, still watching
IPAS 2nd test at the weekly MA200
I didn't underestimate JDST - later, beer city time
CRDC popping, sorry a bit late - I saw it at 1.19, but was busy with JDST
Again, the definition of a black swan is noone can predict it. The Scot vote will not cause a Black swan, many are already trading based on that speculation
Rule number 1 when someone posts a vix product on the board, ask them when the VIX rolls next. If they can't tell you, put them on ignore imo. It wouldn't surprise me one bit if a group hired folks to suck newbies into it, they need newbies like a mosquito needs blood
We all know what a black swan is - by definition no one can predict a black swan. If you are predicting one, you might be a crackpot