VXX It is a good time to revisit this post from Sep 1: Lying In Wait. Although a Buy was triggered in the short-term model, we are still waiting for a longer term up arrow which is way, way overdue: In an ideal trading world the Hourly Buy will lead to a 3 Hourly Buy and then a Daily Buy, the latter being our Intermediate Term Buy. So far, only the Hourly (which we follow in the PRO service) has triggered: DJIA This morning the DJIA opened up over 150 points and is now down 60, a reversal of 210 points in the first hour of trading. In so doing it is on the verge of an Intermediate Term Sell Signal. That the DJIA and VXX are so close to agreement on the next leg of the market is notable. In addition, our old nemesis ROKU is teetering on a new leg down on a close below $330. More in the Weekend Update, if not sooner.
