Tuesday, May 18, 2010

VXX - continued


Here is a continuation of the VXX chart posted earlier today.  VXX traded down to the 0.618 level and bounced strongly.  Either its breaking out big time and the market is in deep trouble, or it is making a double top and about to fall, thus suggesting a market recovery.

Ahh, drama....

A

7 comments:

khalid said...

Either its breaking out big time and the market is in deep trouble, or it is making a double top and about to fall, thus suggesting a market recover

No alarms and no suprises please

Anonymous said...

(side note on one biotech stock)

Biotech basket was down today.
MMRF the worst today at - 20%
The rest were down moderately at 1 - 3 %

But there was one star that went up strong,and has been for a few days now...

AVXL up 14 % today.

Anonymous said...

heres an interesting news note to consider

http://market-ticker.denninger.net/

Anonymous said...

VVUS is prominently featured on CNBC documentary tonight. If VVUS can bring its obesity drug to full approval, it can be one of the best selling drugs ever.

Anonymous said...

IHS replied, "When evening comes, you say, 'It will be fair weather, for the sky is red,' and in the morning, 'Today it will be stormy, for the sky is red and overcast.' You know how to interpret the appearance of the sky, but you cannot interpret the signs of the times.

Anonymous said...

CWRN chart

CWRN iron ore mentioned few days ago, chart holding up.


Iron Man II

Bernhard said...

Well... its a breakout by the looks of it. Not sure which wave we are in...Wave 3? Anyway, looking good.