VelocityShares Daily 2x VIX ST ETN (TVIX)

[Citrati]

Took partial position. See how the wind blows in the morning. Will add if tests lower and will add if reversal. Also fills the requirements for a 3 gaps down reversal pattern. Indicators could be more oversold which is why I didn't go all in. Usually though, 3 gaps down will pretty well exhaust the selling power. Should at least see a bounce if it follows the rules. haha.

PS: if Dow runs through resistance then the trade is off and will wait for re-entry. I think the $indu 100day and the down sloping upper bb will stop the move and give TVIX entry at that time if this is too early. We shall see.
Just one tea leaf opinion and not a reco to follow, trade or negate your dd, rules and risk assessment.