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Re: pennypirate post# 2804

Friday, 03/27/2020 1:11:27 PM

Friday, March 27, 2020 1:11:27 PM

Post# of 2956
I don’t know

The VIX is based on the variance or rate of change. Which is why you can sometimes still see it go up even if the Dow is going up. So a large part of the VIX equation is based on how significant the market swings and I’m questioning if we’ve still got some big swings coming like we’ve seen. Sure we’ll have ups and downs but will we see another round of panic mode selling? I think the answer is yes at some point following the congressional vote...but not like we’ve seen before.

At time of this writing VXX is around 50. And that’s up from the 44/45 dollar range the previous day.

I think the stimulus will cause another round of market enthusiasm and drive VXX down into the lower 40s maybe even upper or mid 30s in the next 1 or 2 market days. That would be the perfect time to get back in while we await the next multi-billion dollar stimulus.

I’m going to hold off till days end or Monday before I consider making a move on this.

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