I bought UVXY into the close. At the very least we will likely see a 3 wave decline to the level of the prior 4th as shown. A small move down like that will be good for 10% given how wound up the shorts are now on VIX. And the move back down could be much, much bigger. If it doesn't go my way by 10am tomorrow I will unwind this big position - 2x normal trade size - quickly.
Wednesday, October 28, 2015
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