Note since Feb 20 2008, the climb higher, followed by an accompanying pullback, are getting shorter and shorter in duration.( the last one being only a month long between Nov 16 and Dec 16)...this rally is aging quickly so we should see a retracement to 1000 before Apr 1. Besides nice wedge forming, overshoot to 1467 with clif...and it now begins its long and arduous journey down 400 points
uvxy will see $30 again easy ( no reverse split as I am sure I will hear if I don't add)..you heard it here
You have got to be kidding. This POS will never see $15 again let alone 30. It will double at some point but it should hit about $2 before it doubles. It doesn't matter if the S&P rally ends. This cannot go up.
I agree with you that uvxy will see $30 again but its too early to buy it now dude. The best time to buy uvxy will be the first, or second week of february. Shorts will drive it all the way down to 12-13 but it will at least double from the second week of february to mid-march. It went up from 17-30 in two weeks because of the fiscal cliff.
This is how braindead UVXY buyers are, that they think UVXY is brought down by shorts. Get a clue. Do you even know how this instrument works? Market makers ensure that UVXY trades near its NAV. Short selling creates intraday noise and the price is effectively reset daily based on NAV. UVXY falls due to VIX term structure steepness, costs of leverage and due to fees not due to short sellers.