In any case, we have to play this one day at a time until a breakdown is confirmed. There ought to be good upside in the near term for TVIX. I would hope for a ride to the 38.2% fib of the 3rd wave which is about $4.20.
Time will very soon tell.
Sunday, July 6, 2014
Disney chart has set itself up again for reversal.
My last model on DIS went bust but it closed last week in perfect position to begin breaking down right from the open on Monday.
I don't know if this is the absolute top for Disney but it sure looks like at least the top of a 3rd. So again, if the markets sell off for 7-10 trading days into an a-b-c pattern, expect one more 2-3 week wave after that a-b-c to get us into "the fall" (pun intended).
In any case, we have to play this one day at a time until a breakdown is confirmed. There ought to be good upside in the near term for TVIX. I would hope for a ride to the 38.2% fib of the 3rd wave which is about $4.20.
Time will very soon tell.
In any case, we have to play this one day at a time until a breakdown is confirmed. There ought to be good upside in the near term for TVIX. I would hope for a ride to the 38.2% fib of the 3rd wave which is about $4.20.
Time will very soon tell.
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