Friday, August 06, 2010

VXX 240_min Trend Model

We've been watching this one all week:



Mid-seesion edit:

 This DJIA_10 minute chart is looking ominous, more so should today's lows get taken out:




A

8 comments:

Anonymous said...

NNVC is crushing me, lost 50% so far

Allan said...

Everyone who has owned NNVC from early summer is down 50%, so its not just you, it's all of us, including me. My paper losses are no different then yours or anyone else's.

Enough has been posted about this company and their science so that anyone can make up their own mind about the potential here. As Kesey wrote, you're either on the bus or off the bus.

I for one am on the bus, window seat, seat belt strapped tight. The ride is far from over.

A

Anonymous said...

Bear markets take the good down with the bad, so losses are expected. But, the good will rise again, whereas the bad will remain just a bunch of overpriced junk.

Whether you should be concerned about NNVC losses depends upon why you entered the trade. Has that reason been invalidated? It sounds like you are confusing a value play with market timing. If NNVC was just the object of your gambling habit, then yes, you should have exited the position. BUT, if it was a value play based on the prospects of the company, then that value play has yet to prove itself right or wrong and nothing's changed but the overall market conditions. Everything's cool, be patient.

Anonymous said...

so this is another buying opportunity for NNVC ???

t said...

First time buyers have a buying opportunity here,according to technical analysis.

whats that phrase....'buying in the face of fear'

how far down can NNVC go from here....85 cents? its possible.75 cents? maybe...

If one was closely examining the chart technically for the last few weeks,as I did, you could see the strong possibility of ....One More Dip,one more wave down,...where would that go? I foresaw the 1.10 area and I posted about it . here we are now.

but .....1.10 ought to look very cheap to many right now.a buying level

T

Anonymous said...

T,

maybe,,,but I foresee lower than 1.00

Anonymous said...

I get whipsawed by VXX, shoooot ...

Anonymous said...

Losing over 50% on paper here but I'm waiting for Allan to bang the table so I can double down, then I would own over 10K shares. It's painful to watch but hopefully it will pay off in the long run.