Today I added potential upper channel boundaries (purple) based on the previous two vix spikes and it tells me that we are setup for potential market *devastation* with a possible vix peak of 70 over the next two weeks. For the courageous, I say it is time to short the market for a 4 to 14 day cliff drop. For the more conservative, stay safe in cash or play a little silver. There is really nothing safe out there right now, despite what most analyst have us believe. Good luck all!
P.S. If you have a moment, take a look at BMA. What in the world would cause the 2nd largest bank in a country (Argentina) to lose 50% of its value in a single day?!
P.S. If you have a moment, take a look at BMA. What in the world would cause the 2nd largest bank in a country (Argentina) to lose 50% of its value in a single day?!
Comment:
Was today the end of this idea, or yet another bull trap?
Comment:
So far every time i posted, "Was this the end of this idea?", the vix has skyrocketed the next day, so...
"Was today the end of this idea???"
"Was today the end of this idea???"