Replies to post #28430 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[blindjohn]

Learn charts and technical analysis , that's your absolute best shot at calling bottom. $wtic chart has been falling in a very clear channel for a long time now. The bottom is likely going to happen when it breaks out of that long term down trend channel. Could take this whole damn year to be honest.

[brojazzy]

By that time it won't matter for us, we'll have had 2 reverse splits by then :-( If you are on the sidelines I recommend staying clear for now

[RainerRocks]

The economy will definitely do better as a whole when he is gone.

Also, usually the last year in every presidency the economy tanks.

Thing is..I can't wait till next year lol

I want him gone,like 7 years ago :)

[Jayman1980]

I bet it will be at the Saudis break even point. Somewhere in the mid-teens maybe. I really don't think its possible to go under 12$. I think I am a buyer of UWTI at $20 dollar WTI, to make sure I am in there when it pops hard. Seems the market is into self fulfilling prophecies lately, not so much fundamentals or emotional peaks. Pick up what I can under that. Maybe UWTI@ .60 when $20 comes around. So much fear, good for buying into. Good luck.

[Respect for pennies]

Funny you say that, I think Trump and Sanders winning NH has a lot to do with the recent volatility! They could both reek havoc, especially Sanders. Funny how that's not the headline and all the sudden CNBC goes from gloom and doom to "Interest rate futures not seeing rate hike until 2018" and "US weekly jobless claims total 269k vs 281k estimate". If they really want to save the market they should post about Oil stabilizing, sure would make me happy:)-