Saturday, August 22, 2015

vxx


No, really interesting. It kind of just has to go up tomorrow even though it would normally surprise me. True, it's been making The Pattern pretty much once a week for a couple of months without going anywhere, and, too, the upside seems limited, and the bottom pattern is amazing but feels unfinished, so that's both a minus and a plus.

Whoa. And this is something weird, iPath S&P 500 VIX ST Futures ETN. Yup, OK, should be good to reach nearly $35 Monday. Sure looks dodgy but if it survives it goes to elevated levels. Meanwhile, it is producing short term moves. In a couple of days we'll know what it all means.