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Allan Harris
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After practicing law for way too long, I moved my family to the beach (Kiawah Island, South Carolina) to trade stocks for a living. After making and blowing a fortune in the technology bubble of the 1990's (and then again in 2006-08), I discovered the art and science of trend following. In... More
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The Constitution, The Declaration of Independence, and the Articles of Confederation
  • VXX, XIV & The State Of Global Markets 0 comments
    Jan 18, 2013 2:16 PM

    (click to enlarge)One of these days, VXX is going to pop up and provide one heck of a buying opportunity. The chart above is of it's inverse, XIV. As VXX continues Sherman's march to the sea, XIV is relentlessly moving higher, pocketing some serious coin for those who are short VXX by being long XIV.

    (click to enlarge)

    When this symbiotic relationship reverses, there will be a gaggle of attempts put out by the media trying to nail the the bottom of the, "correction." As the following report that was put out by the Gainesville contingent of Elliott Wave Theory explains, there will be no correction.

    The State of Global Markets
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