UVXY why is it down

Quote from tracer619:


look for vol to be extremely low the next few days and I think UVXY has a good chance of going under 10 by mid next week
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thats exactly what happened
current quote 9.69
 
the last poster has made it to my ignore list
go back and re- read my calls not on this thread but all my posts going back to Mar 09.

yeah, I lost a bit of money averaging in long UVXY. Made that back and more in the last week.

anyway, I dont have to explain myself to any1. long time readers of my posts know Im the real deal.

blackguard
 
well, UVXY hit a low of 6.02 the other day- low for the year
maybe its time they do another 1 for 10 split

anyway, system says SPX will be at 2000 in the next 12-18 months

buy the dips

blackguard
 
I think right here is a good spot to buy the ES/SPY for a nice 10 week trade into Labor Day.

longer term target of SPX 2000 still intact.

blackguard
 
Quote from tracer619:

I think right here is a good spot to buy the ES/SPY for a nice 10 week trade into Labor Day.

longer term target of SPX 2000 still intact.

blackguard
More...

well, right here you can take 25-30 points of profit
but the 'smart' thing to do is let it play out for 10 weeks

lets say until the Jackson Hole thing in late August

why take 25 points when you can sit back do nothing and make 50 to 100 more?

blackguard

btw there was no 'drawdown' on this trade
 
well I do have to say this trade is off to a 'good' start.

65 points in less than 72 hours.
not too bad

how many points have you made this week?

blackguard
 
Quote from tracer619:

well I do have to say this trade is off to a 'good' start.
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position is up 100 points as we speak
100 points in 15 days. 1 entry with maybe 3 points drawdown.

ET has been around since 1998- 15 years and I bet nobody has ever posted a trade like this yet.If they have show it.

blackguard did have some 75 and 80 point overnight trades in 2005,
but 100 points in 15 days on a live call with 1 trade has never been done.

blackguard
 
Quote from tracer619:

100 points in 15 days on a live call with 1 trade has never been done
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I believe Marketsurf has had a couple of monster profits on live calls this year... have a look at his journal.
 
Quote from tracer619:

position is up 100 points as we speak
100 points in 15 days. 1 entry with maybe 3 points drawdown.

ET has been around since 1998- 15 years and I bet nobody has ever posted a trade like this yet.If they have show it.

blackguard did have some 75 and 80 point overnight trades in 2005,
but 100 points in 15 days on a live call with 1 trade has never been done.

blackguard
More...

Nice call on the ES, but not quite as unprecedented as you think.
Wild guess here, but perhaps you're unfamiliar with my journal? :p

http://www.elitetrader.com/vb/showthread.php?s=&threadid=210020&perpage=10&pagenumber=25
 
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