and it's still above where waldo put his puts on, calling for the demise of Armh consistently since both were 24.00, and any of you long term investors must know 45.00 is more than 36.00, in 2004 intc was 34, the smh 45.00. intc 36, smh, 54,
intc die hard longs, always biased. a fatal flaw, one day it will all fall apart, it always does
for now, looks like it would like to get back to the highs of last week, but what happens if it gets there and then shows up as overbght. I'm, sure the buyers of 15 and below are happy, so far, so good, but could be running out of head room.
the gas savings are de minimus, maybe 30.00 a month, if that, obamination group coverage increase was far more than that, ie that much a week, just for my part. nice move up today as expected off the short term downside targets were reached, spy $198.00, qqq $100.00, accumulation day 1. the likelihood of a short term bottom showed up with an overbght vxx, has every time all year to date and a spy rsi 30 and price at a support price at multiple points. need an accumulation day 2 ideally within the next 3 days.
most expect far more volatility next year, even better for trading with the price swings, at some point one high will be THE TOP
but why in the world would they pump an overbght etn with an oversold spy, just asking to get crushed, and ii
extremely heavy buying volume especially the qqq and I was long the sqqq until the vxx hit overbght
Still the same pompous fool who thinks he knows it all, is always right, and is a total jerk. One day the market will top and end the bull market, but Waldo will still be pumping INTC even when a bull market peak turns into a bubble top that leads to a prolonged bear market. Far better to be on the right side of market swings.
Poor Wally, I, for one got the precise short term correction I was looking for, a drop to spy cash $198.00 and the QQQ at 100.00. as noted yesterday, the easy money on the sqqq longs was over.
FWIW, the rsx has now risen from 12.50 to 15.73 since Monday
That's the idea, trying to catch the trending moves depending on the charts. The key is being patient and waiting to pounce. The true overbght conditions didn't show up till the 28thand 3 days or sp later, the spy showed bearish divergence. strong support on the spy at $198.00 and it closed almost at rsi 30 on the daily. the qqq bouncing off 100.00. Hard to tll how long it lasts, need to see some positive technicals before going into the tqqq
the spy held right where I predicted it would, so far, $198.00, bounced from there in the am and then ended there.
yeah, those declining oil prices in 2008 did wonders effective march 2009 after oil dropped from well over 100 to 30, and the markets rose again only when oil started back up. but lets's forget that part, eh doofus?
maybe he did, I did. though the vxx from 26 to 34 plus would have been better
easy money over, spy almost at rsi 30 and potential support at 198.00 qqq 100.00.
while the dip could continue, the easy money has been made, sqqq long, and the spy and qqq hit support and the qqq gap filled on the drop to 100.00. spy rsi almost 30
sqqq 28 to 33.50
vxx 26 to 35 ah
poor yankee, since bashing me for my qqq overbght call on the very day it topped, the sqqq has gone from 28.07 ish to 33.50, and my spy downside target of 198.00 has been hit.
alex,, I don't invest in the sqqq or the tqqq, I trade them and flip back and forth depending on the charts
the goal is to catch the meat of the moves, not necessarily all of them