T, I think the right answer here is that some are in the opinion UVXY, time frame is uncertain at this point. "UVXY is supposed to offer infaltion protection", I missed that :>( bought TVIX myself.
I would phrase it as a mid term correction to a larger correction on the grand scale.
news is passed about the debt limit, nothing to do but ride the correction and enjoy the ride back up in a while with borrowed money.
Historical note: Stockcharts.com finally showed a pivot range of 1522 area on Feb 4th
One thing I can say I am glad for in my life is the CS Board. Safe Trading,
Uvxy moves big time, a good one for a small bet that could yield big results. Otherwise, the qid is better than the sds, as it moves more. I made the mistake this time of playing the sds.
We are getting some of the early signals of a major top, with a 20% or more correction, but not until april or may is my best guess.
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