good observation.... note though it always does this initial baby pullback after long drop/1st pop... right before the motherfkr runs UP like superman... will be heavy 5k shares uvxy once it gets >10
I absolutely nailed how Ken would present his trading yesterday on here. That's the thing about fake results you can write the script ahead of time. Absurdly he posted both narratives on the same day.
He calls for the market to burn every day. Randomly he has to catch a down day eventually. Twice in the last 6 months he declared a move up in US markets as a '3 day dead cat bounce', and in each case it turned into a significant up move over roughly two months. UVXY has been the worst performing etf on the market since mid-October. An absolutely horrendous play. He's hit it at every level from 12.90 to 7. His original call occurred at 11 and he said 20 by end of year. We are 7.46.
Oh yea, I hear ya, well aware of how poorly UVXY has done over last several months even with market way down.
%% LOL\ thunk\ sunk\ elephant trunk\sell signal . I actually wanted some more UPRO today but same thunk\ sunk \ elephant trunk\ sell signal . But last week of DEC most likely a good Saint Nick rally.NOT a prediction