gcplau
Long

SPY down underway Pattern, PA & Cycle - half risk size

AMEX:VXX   IPATH S&P 500 VIX SHORT-TERM FUTURES ETN
93 3 0
Expecting Medium to Major dive for cycle, broadening wedge & unusual volume drop.

Trade closed manually: Close Manually. Lost 0.15 R/R.
Reason...? political stock market, amex etf....
u r too optimistic. it will hit that highest price of 52 when market will crash like 2008. i m not seeing that happening. VXX can go to 40-42 at the max.
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gcplau PRO JigneshRathod
Oh...may I ask did you notice the 1/4 split yesterday? the $52 now is $13 days ago....maybe the 1/4 split mislead your assessment on the number? May be that's the differences?
Reply
Thanks for comment. If you are right, then this VXX is a joke...you see, it takes one week/weeks to dive 10~30%, and you are saying it takes a "2008 crash" to go up 12%? Right? Can you explain please. I remember VIX can go from $12 to $50~70 when S&P market dive 30%, and I do realize VXX is not following VIX in a linear way, I did not expect a 2008 crash to set the TP.
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