%% Exactly, my monthly + quarterly charts look like no bottom. 2 week charts have some good bottoms+ i prefer progress payments more than quarterly-even though those can be bigger LOL........................................................................
I rebought a bit of TVIX VXX today on bounce, speculative..... I'm looking at current big move down in them as buying opportunity plus SQQQ etc https://www.cnbc.com/quotes/?symbol=TVIX&qsearchterm= Also bought gold NUGT and casinos PENN MGM Glad I sold TVIX at 940 last week, rebuying here in 300/400 range
%% A lot of those ETFs/inverse ETFs, are still going up on monthly charts. NOT a prediction= its a trend comment...…………………………………………………………………………………………………………... And looks like Jim Rogers was buying early last week--better early than late.Thanks
Somebody went to the boneyard the last 2 days trying to bottom fish some of these bear elf's like soxs. Mindboggling . When mkt was at all time highs 4 weeks ago soxs went to $16. At its highs last week it hit $38. In premarket today i bought at $18.75-$18.90 yet the mkts are all still down 25-30%. Incredible mind numbing erosion .
I'm not feeling so Elite today. WTF is going on? This contagion isn't even close to being over, and the market is partying like it's 2017 again. I expected a rally, but even this is beyond what I anticipated.
Like the American people would go through that stimulus money in 60 seconds and cry for more right away. Well, wait and see what happens.