Replies to post #32336 on VelocityShares Credit Suisse 3X Long Crude ETN (UWTIF)

[Sgreg]

You are correct about that trend line. I watch it close. It is so far out ahead of the trend line that oil could fall to $34.50 or so and still be in the trend line. I don't think it will fall that low but you just never know. Again, to me right here I think caution is wise.