$COMPX update

There is not much to say except that the 4th wave triangle that I modeled here did indeed play out and that should be a very high reliability wave marker. Thus we should expect 5 waves up from the bottom of black 4 before the final peak is put in.  It will not surprise me to see this finish up tomorrow, and it needn't take all day as shown below.  The model is not intended to convey time of wave movements in proper scale; wave counts are essentially timeless.

When this begins to break down, TVIX is going to come uncoiled like a roll of razor wire that fell off a truck doing 80 mph.  Until then, the retail volatility shorts are smugly wearing it like it was a crown.