When volume reaches up to meet a long-term declining chart - It will turn soon and hard..
It means it is a crowded trade and you shorts are hedged against eachother and you don't even know it. You are so happy with your gains you can't see that you are about to loose a huge portion of them.. So blinded by your acct. value and all the real issues are country is not addressing.
Sorry, Dave, but the Chops family respectfully disagrees.
We won't debate your concerns about the economy, even the smartest economists cannot agree, but we completely disagree with what we infer to be your understanding of VXX.
This is NOT a stock and doesn't behave as one. It is an ETN that is derived to the fifth power. There are no "shorts" stacked up. Short interest is moot. Volume is moot. This is a mathematical beast responding to its intrinsic value.
Please post your opinion and facts, not nonsense.
“Before I speak, I have something important to say.”
― Groucho Marx