### RUNS

with this Google® Shortener short URL

Fri, Apr 13, 2012, 2:21 AM EDST
new Charts 26,27,28 Table 18 May 30

Table 1 and Chart 1 show %VXX positive Runs — A positive Run is 1 or more consecutive days of %VXX (+).

The fact that there were 6 positive %VXX 5-day runs stands out compared with only two 4-day runs and one 6-day run.

We are unable to explain why this unusually high occurrence of 5-day positive runs compared to 4 and 6-day runs. Can you?

Table 1 Positive %VXX Run Days, and Total Run Days with Average %VXX per day and Standard Deviation, Jan 3, 2011 - April 10, 2012

 Total Avg Run Run %VXX Days # Runs Days %VXX per day StDevP 1 34 34 123.92 3.64 4.00 2 23 46 152.59 3.32 3.18 3 4 12 47.37 3.95 3.51 4 2 8 30.85 3.86 2.32 5 6 30 135.73 4.52 5.20 6 1 6 21.22 3.54 4.03 70 136 511.69 3.76 3.96

Chart 1 %VXX Run Days, and Total Run Days, Jan 3, 2011 - April 10, 2012

Chart 2 and Table 2 show data for the six positive 5-day Runs.

Chart 2  6 %VXX 5-day Runs (+), Jan 3, 2011 - Apr 10, 2012e

Table 2  6 %VXX 5-day Runs (+), Jan 3, 2011 - Apr 10, 2012, Data for Chart 2

 Run Date %VXX %VXX Run 2012-04-10 1 7.84 2012-04-09 2 6.32 2012-04-05 3 2.35 2012-04-04 4 2.11 2012-04-03 5 1.73 20.34 6 2011-09-06 150 2.99 2011-09-02 151 5.04 2011-09-01 152 1.36 2011-08-31 153 0.15 2011-08-30 154 1.04 10.58 5 2011-08-22 160 3.08 2011-08-19 161 5.14 2011-08-18 162 20.70 2011-08-17 163 2.01 2011-08-16 164 2.14 33.07 4 2011-08-08 170 14.75 2011-08-05 171 4.92 2011-08-04 172 19.98 2011-08-03 173 0.46 2011-08-02 174 6.96 47.06 3 2011-07-14 187 3.59 2011-07-13 188 0.00 2011-07-12 189 2.50 2011-07-11 190 8.21 2011-07-08 191 1.19 15.49 2 2011-05-05 235 2.84 2011-05-04 236 1.15 2011-05-03 237 2.05 2011-05-02 238 3.11 2011-04-29 239 0.04 9.19 1 Sum 135.73 135.73 Count 30 6 Average 4.52 22.62 StDevP 5.20 13.46 Max 20.70 47.06 Min 0.00 9.19

Fri, Apr 13, 2012, 6:01 AM EDST

Table 3 and Chart 3 show %VXX negative Runs — A negative Run is 1 or more consecutive days of %VXX negative.

The fact that there were 8 negative %VXX 5 day-runs stands out compared with all other runs.

We are also unable to explain why this unusually high occurrence of negative 5-day runs compared to other runs — even more pronounced than in the positive %VXX runs in Tables and Charts 1,2. Can you help explain why?

Table 3  Negative %VXX Run Days, and Total Run Days with Average %VXX per day and Standard Deviation, Jan 3, 2011 - Apr 10, 2012

 Total Average Run Run %VXX Days # Runs Days %VXX per day StDevP 1 29 29 -80.91 -2.79 2.33 2 11 22 -81.60 -3.71 2.37 3 11 33 -92.32 -2.80 2.50 4 5 20 -62.03 -3.10 1.96 5 8 40 -132.24 -3.31 2.05 6 2 12 -30.80 -2.57 1.42 7 4 28 -60.79 -2.17 1.70 70 184 -540.69 -2.94 2.18

Chart 3 %VXX negative Run Days, and Total Run Days, Jan 3, 2011 - Apr 10, 2012

Chart 4 %VXX negative 5 Day Runs, and Total Run Days, Jan 3, 2011- Mar 21 , 2012

Table 4  8 %VXX 5-day negative Runs, Jan 3, 2011 - Mar 21, 2012
Data for Chart 4

 Run Date X-axis %VXX %VXX Run 2012-03-21 1 -4.97 2012-03-20 2 -4.45 2012-03-19 3 -6.21 2012-03-16 4 -0.09 2012-03-15 5 -1.68 -17.41 8 2012-03-13 7 -4.71 2012-03-12 8 -4.54 2012-03-09 9 -1.97 2012-03-08 10 -3.84 2012-03-07 11 -4.95 -20.02 7 2012-02-23 20 -6.51 2012-02-22 21 -2.82 2012-02-21 22 -0.19 2012-02-17 23 -1.22 2012-02-16 24 -3.85 -14.60 6 2012-01-23 42 -2.46 2012-01-20 43 -3.04 2012-01-19 44 -2.79 2012-01-18 45 -3.43 2012-01-17 46 -0.86 -12.57 5 2011-12-21 62 -6.79 2011-12-20 63 -6.14 2011-12-19 64 -1.05 2011-12-16 65 -0.36 2011-12-15 66 -4.00 -18.34 4 2011-10-14 109 -5.64 2011-10-13 110 -0.21 2011-10-12 111 -6.67 2011-10-11 112 -1.22 2011-10-10 113 -7.19 -20.93 3 2011-07-01 182 -4.02 2011-06-30 183 -4.04 2011-06-29 184 -5.00 2011-06-28 185 -4.05 2011-06-27 186 -1.47 -18.59 2 2011-05-31 205 -2.96 2011-05-27 206 -1.57 2011-05-26 207 -2.24 2011-05-25 208 -2.85 2011-05-24 209 -0.17 -9.79 1 Sum -132.24 -132.24 Count 40 8 Average -3.31 -16.53 StDevP 2.05 3.62 Max -0.09 -9.79 Min -7.19 -20.93

7:30 PM

Chart 5 showing that most 2-Day negative VXX Runs
occurred in high volatility period late 2011

Table 5 Data for Chart 5

 2-Day Runs Date X-axis %VXX (+) (-) 2012-03-28 9 0.70 2012-03-27 10 9.83 2012-03-26 11 -9.37 2012-03-23 12 -6.94 2012-02-27 31 0.92 2012-02-24 32 3.94 2012-02-15 38 5.66 2012-02-14 39 2.95 2012-01-31 49 0.00 2012-01-30 50 3.03 2011-12-23 73 2.54 2011-12-22 74 0.21 2011-12-08 84 4.65 2011-12-07 85 2.94 2011-12-06 86 -0.37 2011-12-05 87 -0.32 2011-11-25 93 1.23 2011-11-23 94 4.70 2011-11-17 98 4.64 2011-11-16 99 4.89 2011-11-11 102 -4.27 2011-11-10 103 -6.27 2011-11-08 105 -4.67 2011-11-07 106 -0.99 2011-11-03 108 -4.92 2011-11-02 109 -3.09 2011-11-01 110 14.49 2011-10-29 111 10.62 2011-10-24 116 -5.98 2011-10-21 117 -5.46 2011-10-20 118 0.98 2011-10-19 119 6.67 2011-10-03 131 6.50 2011-09-30 132 7.04 2011-09-27 135 -1.98 2011-09-26 136 -3.46 2011-08-29 155 -6.26 2011-08-26 156 -1.58 2011-08-24 158 -2.08 2011-08-23 159 -4.77 2011-08-01 175 -4.27 2011-07-29 176 -1.80 2011-07-06 193 1.57 2011-07-05 194 0.34 2011-06-16 206 5.36 2011-06-15 207 8.48 2011-06-13 209 1.66 2011-06-10 210 3.39 2011-06-06 214 1.70 2011-06-03 215 0.09 2011-05-23 223 3.30 2011-05-20 224 0.98 2011-05-16 228 2.29 2011-05-13 229 1.29 2011-04-08 253 1.90 2011-04-07 254 0.71 2011-03-10 274 5.18 2011-03-09 275 1.38 2011-03-07 277 2.62 2011-03-04 278 2.53 2011-03-02 280 0.25 2011-03-01 281 7.52 2011-02-14 291 -1.03 2011-02-11 292 -1.72 2011-02-10 293 0.00 2011-02-09 294 0.32 2011-01-07 316 0.33 2011-01-06 317 0.28 sum 152.59 -81.60 count 46 22 avg 3.32 -3.71 StDevP 3.18 2.37 max 14.49 -0.32 min 0.00 -81.60

Sat, Apr 14, 2012, 5:30 AM EDST

Table 1 Positive %VXX Run Days
 Total Avg Run Run %VXX Days # Runs Days %VXX per day StDevP 1 34 34 123.92 3.64 4.00 2 23 46 152.59 3.32 3.18 3 4 12 47.37 3.95 3.51 4 2 8 30.85 3.86 2.32 5 6 30 135.73 4.52 5.20 6 1 6 21.22 3.54 4.03 70 136 511.69 3.76 3.96
Table 3  Negative %VXX Run Days
 1 29 29 -80.91 -2.79 2.33 2 11 22 -81.6 -3.71 2.37 3 11 33 -92.32 -2.8 2.5 4 5 20 -62.03 -3.1 1.96 5 8 40 -132.24 -3.31 2.05 6 2 12 -30.8 -2.57 1.42 7 4 28 -60.79 -2.17 1.7 70 184 -540.69 -2.94 2.18

Chart 6, 1 Day
Chart 6, 2 Day
Chart 6, 3 Day
Chart 6, 4 Day
Chart 6, 5 Day
Chart 6, 6 Day

Table 6 - %VXX Data for Tables and Charts above

 %VXX (-) (+) sum -29.01 -540.69 511.69 count 320 184 136 avg -0.09 -2.94 3.76 StDevP 4.51 2.18 3.96 max 20.70 -0.04 20.70 min -13.28 -13.28 0.00

Chart 7

Table 7 - %VXX Data for Chart 7

 %VXX (-) (+) sum -29.01 -540.69 511.69 count 320 184 136 avg -0.09 -2.94 3.76 StDevP 4.51 2.18 3.96 max 20.70 -0.04 20.70 min -13.28 -13.28 0.00

Sun, Apr 15, 2012, 10:30 AM EDST

Chart 8 (Chart 6, 5-Day Runs, white space condensed)

Chart 8 with data

Chart 6, 5 Day Runs, Jan 2011-Apr 2012

Chart 9-1 year, VIX,VXX,SP500 1-year chart, Apr 2011-Apr 2012

Chart 9-2 year, VIX,VXX,SP500 2-year chart, Apr 2010-Apr 2012

Chart 10, Chart 6, 5 Day Runs, Jan 2011-Apr 2012
+ Chart 9-1 year, VIX,VXX,SP500 1-year chart, Apr 2011-Apr 2012 + Data
Yellow is X-axis

NOTE
• Positive  5-Day runs — volatility increasing
• Negative 5-Day runs — volatility decreasing
• Unusually high occurrences of (+) and (-) 5-day runs compared to other runs

Mon, Apr 16, 2012, 6:51 AM EDST

Tables 8 and 9 show %VXX data for (+) Runs 2-5 UP and (-) Runs 3-8 DOWN in Charts 6 and 9.

We are still unable to explain why this unusually high occurrence of 5-day Runs compared to other runs in these 2 important series. Also, (-) Runs DOWN had all 1-6 type of runs, but other 3 had only 3 types cannot be expained why either.

Chart 6, 5 Day Runs, Jan 2011-Apr 2012

Chart 9-1 year, VIX,VXX,SP500 1-year chart, Apr 13, 2011-Apr 13, 2012

TABLE 8  5-Day runs DOWN, #3 to 8
Oct 10(126), 2011 to Mar 21(14), 2012, 113 Days

 Runs # Total Total DOWN # runs days %VXX runs days %VXX Days %VXX 1 11 11 -30.53 17 17 64.75 28 34.22 2 5 10 -36.34 9 18 75.06 28 38.72 3 3 9 -28.91 9 -28.91 4 2 8 -30.27 1 4 16.58 12 -13.69 5 6 30 -103.86 30 -103.86 6 1 6 -14.57 6 -14.57 28 74 -244.49 27 39 156.39 113 -88.10 avg -3.30 avg 4.01

TABLE 9 5-Day runs UP, #2 to 5
Jul 8(191) to Sep 6(150), 2011, 42 Days

 Runs # Total Total UP # runs days %VXX runs days %VXX Days %VXX 1 4* 4 -20.73 4 4 17.65 8 -3.08 2 3 6 -20.76 6 -20.76 3 4 1 4 -12.85 1 4 14.27 8 1.42 5 4 20 106.20 20 106.20 6 8 14 -54.34 9 28 138.11 42 83.77 avg -3.88 avg 4.93 36 88 -298.83 36 67 294.50 155 -4.33

Table 1
Positive %VXX Run Days
 Total Avg Run Run %VXX Days # Runs Days %VXX per day StDevP 1 34 34 123.92 3.64 4.00 2 23 46 152.59 3.32 3.18 3 4 12 47.37 3.95 3.51 4 2 8 30.85 3.86 2.32 5 6 30 135.73 4.52 5.20 6 1 6 21.22 3.54 4.03 70 136 511.69 3.76 3.96
Table 3  Negative %VXX Run Days
 1 29 29 -80.91 -2.79 2.33 2 11 22 -81.6 -3.71 2.37 3 11 33 -92.32 -2.8 2.5 4 5 20 -62.03 -3.1 1.96 5 8 40 -132.24 -3.31 2.05 6 2 12 -30.8 -2.57 1.42 7 4 28 -60.79 -2.17 1.7 70 184 -540.69 -2.94 2.18

Wed, Apr 18, 2012, 6:03 AM EDST

Chart 11 Charts 6, 9-1-year, Tables 1,3,8,9,
VXX run data Jan 3, 2011 to April,10, 2012

new 4/22

Thu, Apr 19, 2012, 6:30 AM EDST

Chart 12-6 #6 5-Day Run  new 4/21
Chart 12-5 #5 5-Day Run  new 4/19
Chart 12-4 #4 5-Day Run new 4/19
Chart 12-3 #3 5-Day Run new 4/19
Chart 12-2 #2 5-Day Run new 4/19
Chart 12-1 #1 5-Day Run new 4/21
Chart 12-ALL, #1-6 5-Day Run new 4/21

Sat, Apr 21, 2012, 2:42 AM EDST

Chart 13-8 #8 5-Day Run (-) new 4/21
Chart 13-7 #7 5-Day Run (-) new 4/21
Chart 13-6 #6 5-Day Run (-) new 4/21
Chart 13-5 #5 5-Day Run (-) new 4/21
Chart 13-4 #4 5-Day Run (-) new 4/21
Chart 13-3 #3 5-Day Run (-) new 4/21
Chart 13-2 #2 5-Day Run (-) new 4/21
Chart 13-1 #1 5-Day Run (-) new 4/21
Chart 13-ALL#1-8  5-Day Run (-) new 4/21

Chart 14   VXX Runs Jan 3, 2011 to Apr 10, 2012
+ Chart 9-1 year VXX, VIX, S&P 500
+ Table 1 from here
new Apr 25

Chart 15-0, Chart showing Runs' zones A,B,C,D,E, 5-day run #'s, 1-year VXX, VIX, S&P500, Apr 13, 2011 to Apr 13, 2012 (See Table 11 for dates and data)
new Apr 29, corrected May 8
CORRECTION Zone C TOP end marker should be to right of 5-Day DOWN Run #3

Table 10   VXX change* Runs Jan 3, 2011 to Apr 10, 2012 by Zones
new Apr 26

* VXX change = VXX close today - VXX close yesterday
where VXX is actual VXX close, not %VXX
e.g. VXX change =  20.49 -19.00 = 1.49 for Apr 10, 2012

Table 11  Table 10 with data
new Apr 27

Table 12, Comparison of VXX change and VXX change of change
Jan 3, 2011 to April 10, 2012
new Apr 27

Chart 15-1, VXX change* vs %S&P 500 by runs up/down zones
Jan 3, 2011 to April 10, 2012  new Apr 28

* VXX change = VXX close today - VXX close yesterday
where VXX is actual VXX close, not %VXX
e.g. VXX change =  20.49 -19.00 = 1.49 for Apr 10, 2012

Chart 15-2, VXX change after runs DOWN zone E vs %S&P 500
Jan 3, 2011 to April 10, 2012 new Apr 28
Chart 15-3, VXX change runs DOWN zone D vs %S&P 500
Jan 3, 2011 to April 10, 2012
new Apr 28
Chart 15-4, VXX change runs TOP zone C vs %S&P 500
Jan 3, 2011 to April 10, 2012  new Apr 28
Chart 15
-5, VXX change runs UP zone B vs %S&P 500
Jan 3, 2011 to April 10, 2012  new Apr 28
Chart 15
-6, VXX change before runs UP zone A vs %S&P 500,
Jan 3, 2011 to April 10, 2012
new Apr 28

Chart 15
-7, Charts 15-1 to 6, VXX change vs %S&P 500,
Jan 3, 2011 to April 10, 2012
new Apr 28

Table 13
, Data for Charts 15-1 to 7, Jan 3, 2011 to Apr 10, 2012
new Apr 28

Chart 15
-8, VXX change vs %S&P 500 correlation
Jan 3, 2011 to Apr 10, 2012

new Apr 30

Chart 15
-9, %VXX vs VXX change correlation
Jan 3, 2011 to Apr 10, 2012

new Apr 30

Chart 16, VXX Runs, Jan 3, 2011 to May 3, 2012, 337 days
5-Day Runs numbered
new May 6

Chart 17, VXX 10-Run Moving Averages, Jan 3, 2011 - Apr 10, 2012
(See Chart 18 below with VXX prices)
new May 7

Example
 date run 2012-04-03 5 2012-03-29 -3 2012-03-27 2 2012-03-23 -2 2012-03-22 1 2012-03-15 -5 2012-03-14 1 2012-03-07 -5 2012-03-06 1 2012-03-05 -1 10RMA -0.6
10RMA = Average of 10 runs

A,B,C,D,E reference the 5 zones that were designated before 10RMA Chart 17, as shown in Chart 15-0 copied below — Interesting that 10RMA changes direction near these zones' boundaries.

Chart 15-0, Chart showing Runs' zones A,B,C,D,E, 5-day run #'s, 1-year VXX, VIX, S&P500, Apr 13, 2011 to Apr 13, 2012 (See Table 11 for dates and data)
new May 8
CORRECTION Zone C TOP end marker should be to right of 5-Day DOWN Run #3

Chart 18 (Chart 17 with VXX prices / 40) VXX 10-Run Moving Averages, 10RMA, Feb 9, 2011 - Apr 10, 2012

Is there anybody who would n0t have seen
VXX UP and DOWN coming?

Most important Chart
you'll see here

(Simplified Runs chart for non-mathematicians)
new May 8

Notice how well 10RMA predicts VXX price direction
especially UP, TOP, DOWN and some peaks and valleys

VXX data in Chart 18, See Chart 14 for other data

 Count 131 Average 32.81 StDevP 9.55 Max 53.37 Min 17.10 Drop 67.96%

Table 14
VXX 10-Run Moving Average (10RMA)

Summary Statistics for Charts 17,18,
Sum, Count, Average, StDevP, Max, Min by Zones A,B,C,D,E

new May 9

Table 15, Table 14 condensed and summarized showing differences between VXX run zones A,B,C,D,E, Feb 9, 2011 to Apr 10, 2012

new May 9
 after before Runs(+) down DOWN TOP UP up A,B,C,D,E E D C B A Sum 131 8 39 11 28 45 Count 66 3 27 6 9 21 Average 1.98 2.67 1.44 1.83 3.11 2.14 StDevP 1.31 1.70 0.68 0.90 1.91 1.25 Max 6 5 4 3 5 6 Min 1 1 1 1 1 1 Runs(-) A,B,C,D,E E D C B A Sum -163 -5 -74 -12 -14 -58 Count 65 2 28 6 8 21 Average -2.51 -2.50 -2.64 -2.00 -1.75 -2.76 StDevP 1.76 0.50 1.69 1.15 0.97 2.14 Max -1 -2 -1 -1 -1 -1 Min -7 -3 -6 -4 -4 -7

Table 16, Table 15 condensed and summarized comparing + and - runs parameters, VXX zones A,B,C,D,E, Feb 9, 2011 to Apr 10, 2012

new May 11
 after before Total down DOWN TOP UP up A,B,C,D,E E D C B A (+) (-) (+) (-) (+) (-) (+) (-) (+) (-) (+) (-) Sum 131 -163 8 -5 39 -74 11 -12 28 -14 45 -58 Count 66 65 3 2 27 28 6 6 9 8 21 21 Average 2.0 -2.5 2.7 -2.5 1.4 -2.6 1.8 -2.0 3.1 -1.8 2.1 -2.8 StDevP 1.3 1.8 1.7 0.5 0.7 1.7 0.9 1.2 1.9 1.0 1.2 2.1 Max 6 -1 5 -2 4 -1 3 -1 5 -1 6 -1 Min 1 -7 1 -3 1 -6 1 -4 1 -4 1 -7

Note differences in (+) and (-) parameters in UP, TOP, DOWN VXX price trends, highlighted in yellow, can help predict VXX price trends, along with 10RMA in Chart 19 below — e.g.when VXX is in an UP price trend:
• Averages of 10RMA + runs are 72% greater than  (-) runs
(3.1 vs -1.8), and

• Standard Deviations of 10RMA + runs are 90% greater than
(-) runs (1.9 vs 1.0)
Inverse — 100% (1.4 vs 0.7) and 53% (-2.6 vs 1.7) when
VXX is in a DOWN price trend.

When VXX is on TOP after an UP trend, Averages and
Standard Deviations are about equal (+) and (-).

Additionally, UP and DOWN price trends begin when 10RMA crosses zero, as you can see in Chart 19 below. This may be our most significant observation of our research using 10RMA to predict VXX price trends.

If you are a good investor, you will know how to use these observations for a winning, VXX investing strategy.

Chart 19  shows how well VXX 10-Run Moving Averages (10RMA) predict VXX price trends UP, DOWN, TOP, BOTTOM, and some peaks and valleys. When 10RMA crosses zero, VXX price trend change from + to (-) and vice versa. Data plotted from Feb 9, 2011 to May 9, 2012.

new May 16

Chart 20, Chart 19 with data

new May 16

Chart 21, Chart 20 with Runs data showing how  VXX 10-Run Moving Averages (10RMA) and VXX change with Runs.

new May 17

Chart 19a,  Chart 19 showing VXX Runs Top zone C

new May 12

VXX Runs' Top zone C END was designated as X-axis 85 C1 before our 10RMA work because X-axis 85 C1 was the first large negative run (-5-day Run) after the four 5-day positive runs.

In hindsight, if we would have known then that 10RMA crosses zero 10RMA at X-axis 87 C2, not 85 C1, we would have designated X-axis 87 C2 as the end of Top zone C.

Chart 21 showing VXX Run Volatility (RV) in Different Run Zones,
RV = ± Avg ± 1 Standard Deviation, Jan 3, 2011 - Apr 9, 2012

new May 13

Chart 22 showing effect of (+) and (-) Runs 10RMA on VXX 10-Run Moving Averages (10RMA).

One possible signal, a leading indicator, that the current VXX crash may be bottoming out will be when 10RMA crosses 0, (-) Runs 10RMA reaches -0.7 and (+) Runs 10RMA exceeds 0.7. See X-axis = 119 for the last time a VXX down trend bottomed out.

new May 23

Chart 23, Chart 22 above with data, showing effect of (+) and (-) Runs 10RMA on VXX 10-Run Moving Averages (10RMA)

new May 23

Chart 24 combines Charts 19,21,22 and is updated to May 25 to show how well VXX 10-Run Moving Averages (10RMA) predict VXX price trends UP, DOWN, TOP, BOTTOM, and some peaks and valleys. When 10RMA crosses zero, VXX price trend change from + to (-) and vice versa. Data plotted from Feb 9, 2011 to May 25, 2012.

One possible signal that the current VXX crash may be bottoming out can be seen in Chart 24 below — leading indicators may be when 10RMA crosses 0, (-) Runs 10RMA reaches -0.7 and (+) Runs 10RMA exceeds 0.7. See X-axis = 119 for the last time a VXX down trend bottomed out.

new May 28

Chart 24a, Chart 24 with data.

new May 28

Chart 25 showing only critical areas of Chart 24 to reduce horizontal scrolling for easier viewing. Chart 25 combines Charts 19,21,22 and is updated to May 25 to show how well VXX 10-Run Moving Averages (10RMA) predict VXX price trends UP, DOWN, TOP, BOTTOM, and some peaks and valleys. When 10RMA crosses zero, VXX price trend change from + to (-) and vice versa. Data plotted from Feb 9, 2011 to May 25, 2012.

new May 28

Chart 25a, Chart 25 with data.

new May 28

Table 17, Data for Charts 24,25 from Feb 9, 2011 to May 25, 2012.

new May 28

Chart 26 compares 3 different VXX Run Moving Averages:
•  6RMA  6 Run Moving Average
• 10RMA 10 Run Moving Average
• 20RMA 20 Run Moving Average
Standard Deviations are included with each Run Moving Average.

Data plotted from Feb 9, 2011 to May 29, 2012. May 25 annotation is first day of (-) 2-day Run as of Tue, May 29 VXX close.

new May 30

Chart 27 also compares 3 different VXX Run Moving Averages:
•  6RMA  6 Run Moving Average
• 10RMA 10 Run Moving Average
• 20RMA 20 Run Moving Average
(+) and (-) Runs' nRMA are included with each Run Moving Average.

(- Runs' nRMA)  + (+ Runs' nRMA)  =  (nRMA)
n = 6,10,20

Data plotted from Feb 9, 2011 to May 29, 2012. May 25 annotation is first day of (-) 2-day Run as of Tue, May 29 VXX close.

new May 30

Table 18 shows data for Charts 26,27.

new May 30

Chart 28, Charts 26,27 and Table 17 data compares different VXX Run Moving Averages:
•  6RMA  6 Run Moving Average
• 10RMA 10 Run Moving Average
• 20RMA 20 Run Moving Average
Standard Deviations are included with each Run Moving Average.

(+) and (-) Runs' nRMA are also included with Run Moving Averages.
(- Runs' nRMA)  + (+ Runs' nRMA)  =  (nRMA)
n = 6,10,20

Data plotted from Feb 9, 2011 to May 29, 2012. May 25 annotation is first day of (-) 2-day Run as of Tue, May 29 VXX close.

new May 30

Related Tickers: VelocityShares Daily 2x VIX ST ETN (NYSEArca:TVIX),  VelocityShares Daily Inverse VIX ETN (NYSEArca:XIV), VelocityShares Daily Inverse VIX Medium-Term ETN (NYSEArca:ZIV), iPath S&P 500 VIX Mid-Term Futures ETN (NYSEArca:VXZ), VIX Mid-Term Futures ETN (NYSEArca:VXZ), iPath S&P 500 VIX Short-Term Futures ETN (NYSEArca:VXX)