%AB = %CD and, well, that’s all she wrote …XIV
I don’t like to post ‘after the fact’ but I was on some business travel this week and away from my charts. A while ago I could see the parabolic rise occurring in the XIV (inverse VIX) and made a calculation using log percentage moves * .618. While the market pulled back (XIV) from this level it took almost the exact percentage moves to complete the pattern.
here’s the link to the post: https://bartscharts.com/2017/09/17/interesting-chart-xiv-inverse-vix-updated-and-updated-again-and-updated-again-2/
did I have ANY idea it was going to thump out of business. absolutely note .. but I did warn that parabolic rises never end well … here’s the chart.
O U C H ….and that’s all she wrote