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iPath S&P 500 VIX ST Futures ETN Message Board

  • grad32376 grad32376 Jun 10, 2012 7:22 PM Flag

    Here come the Higher Highs and Higher Lows!

    Expect all the major indicies to break the downtrend tomorrow with higher highs than last seen on May 29th. For example, DOW 12,600 was reached on May 29th, should be easily breached on Monday. DOW 12,050 was the low made on June 4th. Expect the market to head back down starting Tuesday or Wednesday. According to Trycure's Fed Injection Schedule, the Fed is injecting over $5 Billion on June 13th. Worst case scenario is the DOW revisits 12,300 by this Friday ahead of next weekend's crucial Greece vote. Once these higher highs and higher lows are established, then it's very likely the market takes off to the moon!

    VIX Longs should have one last chance this week to make or salvage a gain. The trade would be to buy the VXX/TVIX/UVXY on the lows at the beginning of this week and then cashout on the highs by Friday. It may not be a good idea to go long into next weekend. If you already went long this past weekend you may as well wait the rest of this week to cash out. The stock market has one more dip/leg down, but not enough to breach the June 4th lows. The bottom of this latest market correction was made on June 4th!

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