Friday, May 07, 2010

VXX - Weekly LONG Pending

On Wednesday I posted the VXX Daily Trend Model chart; here is an updated view:

Below, the Weekly Trend Model:

Noteworthy is the pending LONG signal, the first new signal in over one year.  Despite the oversold markets and conversely overbought VXX, as shown on the above Weekly chart, VXX has a lot of room to run.


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