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Strategies & Market Trends : Longer-Term Market Trends
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To: skinowski who wrote (2322)9/19/2010 12:46:22 PM
From: ~digs  Read Replies (2) of 3209
 
Hi skinowski,

Here's my theory:

VXX should go up when/if the VIX starts rising
VXX is in a constant state of decay unless and until that happens
VXX will even decline if the VIX remains constant

Idea is VXX, with its severely oversold condition, will stage a dramatic reversal once fear re-enters the market place

I took VXX long on Friday and sold at the end of the day for a small gain. Had it closed above 17.50 I would have probably kept it.

Will be looking again this coming week, would like to make it a swing trade, but need a nice sized gain intraday to be willing to hold overnight.
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