Without knowing anything else about this stock, index, commodity other than its short term (30 minute) chart, would you be Long or Short (or out)? The correct answer is you want to be LONG and you want to have some of your position on now, more if price touches the trend line again, and even more if and when it bounces off of that trend line and starts a new leg up. Let's now look behind the curtain: UVXY Mar 18th $20C (2.20-2.25) VXX Mar 18th $25C (2.35-2.40) VERY AGGRESSIVE: UVXY Mar 18th $30C (0.80-0.85) VXX Mar 18th $30C (1.25-1.27) "To win the game, make sure you understand why you're in it. The big moves in markets only come once or twice a year. Those are the ones which will pay you for all the work, fear, sweat and aggravation of the previous eleven months or even eleven years." - Robert Prechter, November 1986
