iBankCoin
18 years in Wall Street, left after finding out it was all horseshit. Founder/ Master and Commander: iBankCoin, finance news and commentary from the future.
Joined Nov 10, 2007
16,985 Blog Posts

Further Technical Analysis on VIX

About 5 years ago, I came to the conclusion that the VIX index is not something that was designed to actually work. Nevertheless, every so often, like catching a firefly in a jar, a vix trade can go right and it can be very rewarding. The trick is to get out before the darn thing dies and then fucks up your p n l. Take your dicks out of the blockchain for a moment and examine this technical analysis. I will have you know that I am a graduate of the School of Technical Analysis and have seventeen degrees in the arts of chart painting.

Upside on the VIX is probably limited here, unless we’re due for a direct sea change which will cause a major disruption in the matrix. Hopefully, we could get that and enjoy it over the Thanksgiving holiday’s. However, in the event we do not get a major crash and subsequent crisis, we might want to sashay the fuck out of our VIX trades very soon. With the proceeds, I strongly recommend moving your beady eyeballs to DRIP or LABD. They’re ripe to surge.

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4 comments

  1. duuude

    A swimmer

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  2. sarcrilege

    For the majority here, it cannot fuck up the “P” (as there is none) but only enhance the “L”.

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  3. ultramarine

    On the chart is that the rare ball-chopper pattern?

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  4. whaler31

    Head and shoulders, with successive lower highs. $VIX Sucks hind tit.

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