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iPath S&P 500 VIX ST Futures ETN Message Board

  • spymmo Feb 1, 2013 9:18 AM Flag

    Market's last explosive move before small correction or continuation of trend?

    The market is so overbought yet it marches higher. I had both SPY puts and VXX puts, which is like a double hedge either way, but still, this upward move today is very surprising. I guess I should have seen it coming when Netflix refused to go down this week, meaning crazy buyers are still out there. What do you guys think? This is the last move before small correction or another leg up to higher highs?

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