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by Ashraf Laidi
Posted: Feb 20, 2010 5:00
Comments: 30765
Posted: Feb 20, 2010 5:00
Comments: 30765
Forum Topic:
EUR
Discuss EUR in this thread
if not will give it up at 3550..
seems brilliant..from da land of da cougar..
macd at crossroads , stochs down , on daily
check the chart of UVXY - vix related etn
key to this trade
only go short
when the fear is really high
and very close to the time of decision
key is to know who controls the decision
its boehner, who will decide for a vote
breakaway republicans and dems will pass the bill
so watch when boehner distances from team partiers
time to short the vix
in this case,
debt limit date oct 17 is first key
and the next week is critical
vix would peak before this
s&p will have a sharp drop along with this vix peak
this will NOT blow up,
because the resolution of the issue is in the hands of Obama and Boehner
my thesis
its about 50% return in 1-2 week
you just need to be closer to the trainwreck time
ultimately, republicans will back off
you need to be closer to the deadline
and remember not to miss- AND have rnough funds to hold on if there is a run up in the vix
VIX can easily kill the account by the way - with a 911 or '87 type drop
not for the faint of the heart
short the vix
debt celing WILL be lifted by early to end next week
1630 is level to watch on S&P,
I will short VIX around this level
VIX will fall atleast 50% right after first compromise comes
j