Replies to post #3576 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[wz9ytp]

I was watching $USO, crude and $UWTI. They're not all exactly correlated. Just follow the flow and the chart.

[jayhawkclint]

I think the more important story is that crude went to $47.xx and UWTI only went to $2.78. The market believes the bottom is here and/or near.