Btw, the real reason I decided to fade NUGT at the beginning of this month was b/c I assumed that since my intraday chart provider did not correct for splits that other traders would have a hard time diagnosing the chart too and the market would trend sideways or drift down as a result. Boy, was I wrong! It seems the market doesn't really care if you are experiencing technical issues. (Or, maybe they planned it so that by the time you're able to see what's going on, the market has already moved quite a bit..)
I'm also awared the market maker(s) frequent online sites such as this one to get ideas. So here's my message to them: Sorry, pals. I know I said incorrectly NUGT was being distributed earlier this month b/c it flatlined for almost a whole trading day. So, you guys went ahead and thought, "hey, maybe if we flatlined DUST for a day, we can dupe traders like FXWIZARD into buying DUST on the 21st, thinking it will move just like NUGT did afterwards." Lol, you guys clearly underestimate us! Really? Is that all that we can see, flat-lining stocks? We can correctly diagnose the intraday chart when there are no artificially large gaps introduced by such events as a reverse split. We will continue to track this ETF pair and we will win in the end! The house simply cannot win the war against traders who think like us, who don't even care what gold does! All we ever cared to do is precisely time our entries by the intraday charts while using the daily charts as our guidance! We are also aware of the psych wars you wage by the above example, which proved futile in the end. I am writing this post as a sort of counter-psyche to your psyche...
I'm also awared the market maker(s) frequent online sites such as this one to get ideas. So here's my message to them: Sorry, pals. I know I said incorrectly NUGT was being distributed earlier this month b/c it flatlined for almost a whole trading day. So, you guys went ahead and thought, "hey, maybe if we flatlined DUST for a day, we can dupe traders like FXWIZARD into buying DUST on the 21st, thinking it will move just like NUGT did afterwards." Lol, you guys clearly underestimate us! Really? Is that all that we can see, flat-lining stocks? We can correctly diagnose the intraday chart when there are no artificially large gaps introduced by such events as a reverse split. We will continue to track this ETF pair and we will win in the end! The house simply cannot win the war against traders who think like us, who don't even care what gold does! All we ever cared to do is precisely time our entries by the intraday charts while using the daily charts as our guidance! We are also aware of the psych wars you wage by the above example, which proved futile in the end. I am writing this post as a sort of counter-psyche to your psyche...
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