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Ron Jaenisch's  Instablog

Ron Jaenisch
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A personal student of Dr. Andrews of Median Line fame. Has articles published in several magazines including Stocks and Commodities, Futures and Traders World. For over 10 years has been trading and teaching the Advanced Andrews Course at www.andrewscourse.com and www.precisiontrader.com
My company:
RCS
My blog:
precisiontrader
My book:
Advanced Andrews Course Manual
  • Don't Worry Be Happy..........if You Own TVIX 0 comments
    Feb 3, 2014 4:43 PM | about stocks: TVIX

    Ok so the market has been treating SPY shorts really nice. TVIX hoders have seen gains in excess of 10% a day. So where is the market headed many may ask.

    (click to enlarge)

    Above is the chart that I have been working with. In order to get people to panic .......really panic prices need to zoom through the 200Day MA. If you see prices at 170, this may have been achieved. The target from there is the 165 area. But will prices stop there?

    Or will we all wait until the VP's of finance dump the stock they are holding?

    As the song goes "Don't worry be happy"

    Disclosure: I am long TVIX.

    Stocks: TVIX
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