For those still overly-bullish...
NASDAQ bear-market
- Thread starter The_Krakenite
- Start date
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THAT 50\200dma death cross is a good one\for sellers, mostly.
ITS even worse on TQQQ/ so many monthly candle charts not making new highs / downred months. Better for QLD a bit\LOL
VXX is a sell on parabolic stop + reverse, day charts, see how SPY + sh closes .So far so good
IT has been clearly weak for a long time. Did you just figure this out ?
now is the time to buy -- last year was the time to hold. it's painful, but i'll be adding fresh powder to the market this entire year and probably next- so much for quitting my day job.
this market reminds me of 2007-2009. has the feel of deleveraging-falling margin debt. I think there's a decent chance we won't bottom til next year.
this market reminds me of 2007-2009. has the feel of deleveraging-falling margin debt. I think there's a decent chance we won't bottom til next year.
What's wrong with this picture?
i've been wrong before. hence DCA-ing.
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LOL\Plenty. Even though small caps are trendig up early + some others are closing aboVe 200 dma.
TQQQ + QLD are still trending down,55 mintes 'til close. QQQ finsihed down strong in FEB 2009/$ double didgets area
VXX did give him some respect, its sell on parablic stop + reverse daily.
BUT looks like ''short'' 4 day week next week LOL.
SSO has small loss ,OK, but SH still looks better for profit taking today, 50 minutes till close
$2500 a month BBG and all she has is a death cross. My dog saw the death cross coming 3 weeks ago!