AMEX:VXX   iPath Series B S&P 500 VIX Short-Term Futures ETN
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I have watched the VXX break the pattern and well established channel in shock, awe and sadness, as my account deflates, anyone else know that feeling? As we head toward the edge of the bollinger band, MACD and RSI support, and two major horizo0ntal supports. Obviously it is not business as usual right now, and we have candidates, but yet to be clearly identified for manual manipulators, heavily influencing the markets to the upside. So IF oil dips lower, as some are saying, and as low as 20 barrell, well, then VXX spikes iMO. BUT, right now I am just watching and waiting for clear signals and a new pattern to emerge, or the old to continue, once these power players make up their mind which way this market is heading. After a period of consolidation and indecision, and the VXX feeling it, we are actually worse off, still consolidating, and now just guessing. Time for reflection and pondering the meaning of life. I see other posts from fellow traders right now, working individual stocks, but reading between their lines, is everyone as lost as I am reading this market right now, at least the last few days? Breaker, breaker, come back, anyone? instead of having to choose long, neutral or short, there needs to be a forth box to click, "I have no idea".
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