I think this is a better scenario for TVIX and its holders. If it went up and down and continuously make lower lows, this would prove market volatility slows down. However the way it currently looks, it is a concerted manipulated move by very large traders accumulating large short positions before the storm. Now I believe most of the positions either are established or being very close to be established. Just like Soros made 1B in 1992, we are seeing the same picture here. Whether dollar is being accumulated or Euro is being shorted, someone does a great job. Directly or indirectly it affects TVIX, so we are seeing a steady dump.
I suppose there will be no steady move up in TVIX, it may move up several hundred % within just a few days after some "unexpected" news will hit the wire. Hold on to your shares, we maybe in for something really uncharted here.
A lot of people here believe that if VIX is up then TVIX should be up as well and that's just not the case Tvix moves with future month and current month contract on the VIX the issue is the decay part and it decays worst then FAS/FAZ combine. I think the top is close 1340-1345 where we currently are i just think their will be one massive move up maybe 1360-1365 and then same day decline who knows the move might be because Greece will agree to the terms of IMF and EU.
We should see higher days look where XIV was 2 months ago and where it is today GLTA
I know you wouldn't, it's just interesting how and when market forces stop working and an external force gets to influence.
It seems to me this year will be extremely interesting. I believe there will be one more market selloff to possibly 1000-1100 area before the pre-election rally to 1370-1450, perhaps even higher. I don't think forces standing behind banks and large corporations will allow republican to win this year. Obama is the weakest and most following special groups interests president, so they will support him all the way. That's my take for the next 6 months, let's see if I'm anywhere close.