Tuesday, July 28, 2015

[$COMPX] update

In the backlink I had bailed on UVXY because of the $COMPX wave count.  The threat was per below.




So now we see 3 waves up in $COMPX which fill a gap.  This would be a typical reversal point back downward if that is what the herd is going to do.  If this can't follow through with 5 waves up I will be looking at UVXY for a re-entry point.  On the UVXY front, listening to the wave count and bailing out yesterday has saved me 13.62% as of this writing.

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