VelocityShares Daily 2x VIX ST ETN (TVIX)

[pjwilson]

Got me there. Definitely over thinking it. I've never questioned any of your charts and I've seen several. This particular circumstance confuses the shizz out of me though. Charting is a very real phenomenon that holds some strange merit. Somehow it seems to work a decent amount of the time. Maybe it's because many others are going by the same system? IDK. I've done it myself and to my own surprise have found the bottom on a few penny stocks. It's one of two major trading philosophies, as you are more than aware of.

However, I can't come to grips with the bigger picture of this particular circumstance. This kind of stock isnt by itself so essentially youre saying it doesnt matter what the stock is, that charts hold the better chance to make MOOLA. I have to respect that philosophy... just like I have to respect republicans. My father is a republican, black man at that. Eh. I'm extremely confused by that too but I respect it.

Im sorry. I just cant take any chart of the NYSE, DOW, NASDAQ, S&P with any trust as to predicting the next movement. I do over think, but you are being simplistic when it comes to these exchanges and their charts.

Ultimately, I trust my gut more than anything else but that is after I've studied the chart and looked through some of the fundamentals. To each his own.

TVIX, my gut tells me that she wont be going down too much lower. She's already about to break the 52 week low. I'll ride with her all the way down to 1.75 throwing everything I can at it.

Best of luck to you