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iPath S&P 500 VIX ST Futures ETN Message Board

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  • wes_w_weber wes_w_weber Apr 4, 2012 6:37 PM Flag

    VIX up 5% and VXX up 2.3% today- PROOF VXX is going to fall hard

    You might be right about that. I know what I know and I found out that I am not as quick and precise at you to pick bottoms and tops multiple time throughout the day. I just try to deal in absolutes when I trade and this is absolutely going to 0. I do not have to pick tops or bottoms.

    I did pick a top in a stock called ABIX back in 2004 though! Only once out of 100's of thousands of trades. You are undoubtedly a lot smarter than me.

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    • The people who claim to consistently nail the tops and bottoms are just liars. But your claim that 100% this will see new lows before 20 is just as stupid. Nobody knows for sure, but I would take the opposite side of that trade (and will everyday in fact), so we will see. I say 20 next week.

 
VXX
16.83+0.55(+3.38%)Apr 29 4:00 PMEDT