ProShares Trust Ultra VIX Short Term Futures ETF (UVXY)

[DowDeva]

Hi Kid,

I cannot express how much your guidance, and the other posters, has aided me in a basic understanding of volatility patterns.

Starting to get a handle here.

I have studied breadth, oscillators, basic charting up the kazoo for over a decade and kept going broke calling the market right. Short term, that is.

Long term I never made money in the last 8 years because I was bearish.

I understand now how important it is to stay on the right side of the long term trend.

Next, understanding volatility was one of the essential missing pieces in my trading. I kept going to Bill Luby of vixandmore. BlogSpot.com, and other master traders of the VIX, but their masterful guidance was way out of my league.

My trading gotten much better since coming here, even though what I know could probably be crammed into a thimble. It's mostly aided in staying OUT of trades, oddly enough, not entering trades.

Some other missing pieces are a good basic grasp of yields, and also how currency moves markets.

FYI, I believe that the next two months will be a hard up for the general market (not for volatility), and that this summer will be 'THE' top, at least until 2020.

I have a projection of SPX 250 somewhere around. Yes, that is 250.

Best regards,

~D