9th June 2011–Double Dip ?!

Ticker:

 

1. VXX

 

Topic:

 

1. DOUBLE DIP ??!!

 

Lesson Learnt:

 

1. Intraday VXX showing sign of life to go up more.
2. Daily VXX chart arrived at the tip of the triangle. Testing the base of triangle and the 20MA line.
3. MACD and TMF is looking to the up side.
4. Weekly chart looks like it has been stabilized for a month. This is scary.
5. I think we are at the tips of a BIG COLLAPSE!

 

Intraday Chart

Historical Chart