Friday, January 16, 2015

Threat model for [UVXY]

Backlink.  As expected in the prior post, we got an AM move up in UVXY which I sold into the peak of given that a) it did not gap up, it just crawled up there to complete the wave count and b) the real threat of WC.  Per below and per many, many past posts on this matter, if I see a 3 wave rise to the level of the prior 4th and then the wave count peters out, I'm selling first and asking questions later.  This could still reprieve itself with future wave action but I have to deal with the data that I have, not with some gut feeling for what might happen. 



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