OK, who is going to lie and say they saw today's HUGE drop in the charts?
- Thread starter SoyUnGanador
- Start date
No, this is incorrect. I know numerous people who loaded up with inverse ETFs. Looks like a few did here too. Not me though, unfortunately.No one saw today's CPI report drop coming. Nothing but a bunch of gamblers bragging. Laugh today, Cry tomorrow -- and get nowhere, or lose.
If traders could truly, consistently, predict the future and trade it....they would be rich. But those clowns ain't rich.
Forget Premarket roulette black or red color gambles,
The best trade of the day is buying/shorting around 10...and selling around 10:50.
Do this, more or less, every day, relatively consistently....this is where the true gold is at,...capture that one major, obvious, move of the day of the chart,
He claimed his last post was on Sep 1st (which it was), after he was banned for a week prior to that.
%%So, with the markets closed, let's focus on the week ahead.
Outside Week or where are we going by Friday?
NOT a prediction;
but cutting a loss starting scale in SPYG = good. Good inverse ETF moves Up, 200 dma hindsight.
I would be glad to see UPRO uptrend again 3 year charts + it is/3 year.
SEPT tends to be down anyway\200dma = down.
UPRO has a candle chart SEPT topping tail\ some times that can signal a top area\LOL
Good thing about SEPT hindsight, it doesnt predict.
Most all inverse ETFs are up YTD also\ good hindsight\ good lag
%%
Congrats for your truth telling\
some did a INVERSE scale in today+ added to winners; some took some profits+ My post also concerns today +cutting a loss \ a SPYG starting position.
Most people that invest/ trade are already rich\ just not MSFT/Bill Gates rich/LOL.
MY SH order never got filled / but that$ fine, to tell the truth.
To tell the truth ,you could learn to trade an inverse like SH, if you wanted to??
I dont mind a topping tail\SEPT on my UPRO\SEPT tends to be a down month.
NOT a prediction
surprises like this happen when there are more reasons to buy than sell
but its not working..
sucks in a lot of buy the dip average longs who have to dump at the lows exacerbating the move down.
but its not working..
sucks in a lot of buy the dip average longs who have to dump at the lows exacerbating the move down.
%%
Some sold thier longs ' cause they wanted to\ + knew a red long loss = an inverse green gain.\
Other were watching a 200dma which favored the bears or inverse ETFs most of the year+ YTD.
Others saw[ not foresaw] a SEPT topping tail on UPRO but seldom if ever ''have '' to sell.
Good green inverse moves today, in a brown desert of averages.
Looks like this market is unique unto itself. It appears to be an inflection market where the old rules no longer apply like the post-SEC market of the 1930s. There are too many people who believe deflation is right around the corner. Looks like inflation is long and sticky like in the 1970s & 1980s.
Best analysis I've seen of this market is the former semiconductor analyst turned hedge fund manager -- Dan Niles. He has been right all the way down especially on semis & tech in general. The trailing P/E of tech in the high inflation days of the 1970s was 8.5. QQQ trades at 24+ trailing P/E. The tech trade is officially dead.
Best analysis I've seen of this market is the former semiconductor analyst turned hedge fund manager -- Dan Niles. He has been right all the way down especially on semis & tech in general. The trailing P/E of tech in the high inflation days of the 1970s was 8.5. QQQ trades at 24+ trailing P/E. The tech trade is officially dead.