%% GOOD + good thing i kept the charts\3 year bear QQQ went from $120 area to under $20, 3 year bear[>> 80%] 1999 was much better than SPY,s&p500, then.MOST likely many more traders now, so a 3 year bear is not likely; but with 3 x inverse, 30% down = 90% downtrend, not that bearish LOL. NQ may suffer down because of stupidity, requiring a certain% of female directors; that is as dumb as requiring a certain % male nurses. Actually easier to short with 2 or 3x inverse ETFs... JAN tends to be up, but i sold all my longs + working inverse ETFs...[Edit \one hour to close\
I've no idea. I didn't expect the market to go this high in a pandemic, either. Just because the market went up doesn't mean it will crash either.
%% NO + its no benchmark; but it easier to slam down 3o stocks than 500/LOL But UDOW, DXD,+ SDOW are good, semi liquid markets.......................................................................................
Yeah, but, the other indexes was showing weakness. I observed individual stocks showing weakness that is why I added to my short trades to balance out my long positions. I am not going to guess what happens next but, want to be positioned, if the worst case scenario happens. This is a golden opportunity.
KCalhoun understands my comment. It was a rhetorical. remark. The Dow has not been representative for decades.