The model that it is a 2nd wave is now bust. This was not unexpected given that the $COMPX and DJIA made higher highs and thus proved they were not in 2nds either. This is why I let myself get stopped out of TVIX some days ago and did not get back in until the charts would show me a reason to. But If I am right about M+M being related to $COMPX/DJIA in an inverse way then it will most likely reverse soon, perhaps even today. Perhaps even right now...
2 comments:
lol, this is great. Best of luck!
Does TVIX need to close above 2.50 for the model to not go 'bust'? or is it already bust given intraday low below $2.50?
The model that it is a 2nd wave is now bust. This was not unexpected given that the $COMPX and DJIA made higher highs and thus proved they were not in 2nds either. This is why I let myself get stopped out of TVIX some days ago and did not get back in until the charts would show me a reason to. But If I am right about M+M being related to $COMPX/DJIA in an inverse way then it will most likely reverse soon, perhaps even today. Perhaps even right now...
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