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...
lol, this is great. Best of luck!
ReplyDeleteDoes 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...
ReplyDelete