This time could be different...but I am an odds player...
As I see UVYX, it is a 6 day play (not universally true or every time) most of the time.
It has done it's double dip and I have not seen a triple dip in the time I have played it...or maybe I was just already gone.
It might and possibly will finish the second spike to the local high or a bit higher...but I would have a trailing stop under it already or most probably already out. Greed kills with evil ETFs...
When (not if) the stop is taken out, my pattern would be to walk away and let the gamblers take the chances. Odds are the fast easy money is done for this roundup. The plan to flip should already be in ready...and a rough idea at what level to be looking for the next time. Always another one. Last one 153%, this one 195%(?)(on the first dip!)..a lot of people would consider that good returns for an entire year...let alone 6 days. Like I said - the RIGHT 6 days 2-3 times a year ain't bad.
But that is just me...and not advice in any shape, form or fashion.
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