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Re: madmax post# 38652

Wednesday, 05/06/2015 1:09:13 PM

Wednesday, May 06, 2015 1:09:13 PM

Post# of 42458
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.

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