%% Good points. IF over a period of years,90% wrong+ 10% right ; he could do real well with a = fade them /\+ trade them.LOL . But it does not ''have to turn soon'' regardless.
I call headfake, dcb, markets due to drop next week. But I'll play both sides, SOXL aark for bulls, uvxy sqqq for bears
sure, i think its a bs bear market rally so i bought and am holding just 360 shares UVXY, 60 SQQQ plus random bits of other stuff, eg i bot a bit of cannabis stocks i'm roughly 80% short-bias, 20% long-bias re positions. will look for bounces in stuff like dis, nflx, pypl, shop, arkk next week if mkt runs, plus energy/financials
I reversed positions at the open today and sold my SQQQ & SARK and bought TQQQ & TARK. My hunch is this will be more than a 1 day rally. TARK opened up 14% higher and still went up another 10%.
This the kind of bear market rally to reel in the legions of retail traders. You cannot continue to ignore the stockcharts and fight the trend. Watch Gaming Wallstreet Documentary on HBO Max. It clearly shows the major players in the stockmarket including, the hedge funds and how powerful they really are. The big boys set the major trends. You think you can buck the trend and beat them? Like the legions of gamblers descending on Las Vegas thinking they will win big and own the casino overnight? Where do you think the Las Vegas casinos get their tens of billions of yearly profits? And where do you think the hedge funds get their billions upon billions of stockmarket profits?