I know future is down now but market has a great way of teasing traders unless you have a vision on the market. My vision on AAPL (which I don't trade) when it was at 130, was that it will go down. It was showing strength and I was keeping saying it will go down. Smartphone market has lots of room to grow but it is saturated. No innovation . Just increase the size of LCD and put a better camera. That's it. I predicted AAPL will go down to at least 99. I believed GOLD will be back to 115 when it was at 103. Yes I still believe MCD will be fully bankrupt. Totally bankrupt. Putting lettuce on cheese or under cheese will not rescue it. Market will go up 0.2% and then drop another 3% and go up 1 percent and drop 0.7%,.... but after 4 months you will see market is down 20%. You will not be able to sell. You will be freezed.
Gotta love ZERO RISK in the SP500 = $$$
- Thread starter makloda
- Start date
They can't bail out China, not possible. Too big.
Drop is far from over however a relief rally is quite possible which should drop TZA back below $10.50 where I will start to buy once again...
With the volatility ahead massive rallies can be had as well, it wouldn't be out of question to see the dow jump back above 17,000 and drop once again....i just sold tza for a profit and will once again be back in ...i just had to take the opportunity because I know those weeks where the markets rally 2-3 % tza could easily give up 10% or more...
The stuff that was going on around a month ago was when this market really hit that terminal phase...The OpEx when the Nasdaq rallied 7% in a week on the back of a handful of the most heavily weighted companies (and the GOOGL move). The hard part about all of it is having the patience to sit thru weeks of churn (even when you know that it will ultimately resolve lower)...but the Fed and the other CB's have an uncanny way of introducing some small amount of doubt and/or the notion that they will try the most absurd, illogical thing just to cover their own ass (see Abe in Japan)...