Even with no bailout there would have been technical bounces etc…
The bailout IMO was not the best long term decision, but it sure as shit should prop and boost the markets. If anything inflation should make things even more violent and maybe dow to 21k? Who knows. LOL
Those like my one friend saying gold/silver is the only answer and that the markets will die etc… are insane. Some day sure…not at this stage. USD is relatively strong, countries are fleeing to it. I’ve witnessed a selling climax here, and I’ll be watching for a buying climax down the road…till I see that there’s no reason the dow won’t go higher IMO.
Agreed. For the whole swing from one side to the other, you could predict 90% of the movement using trendlines and MA’s.
All of the doomsday predictors, I’d like to see you put your money where your mouth is. There are a ton of 3x short ETF’s out there. If you’re really that confident in the impending financial collapse, short the USD and the market. Otherwise, STFU.
Personally, I’m in something of a conundrum myself. I opened up equal short positions in FAS and FAZ. This works amazingly for swings, because as I make money on one side, the value of stock i’m short automatically swings to the other side. However, with FAZ increasing constantly (and losing me money) for weeks, and the opposite for FAS, my short FAZ exposure is now 4x larger than that of FAS. So I’m losing my ass right now, but destined to make it all back 4x faster upon a rally.
Could you share your MA’s or do you adjust them depending? I run flat 21,50,200 simple MA’s myself. The trends follow these VERY closely overall. I actually scalp the YM off reactions at these ma’s further proving their significance. But SHHHHH that’s top secret sauce. LOL
The irony is people can lay out their entire trading setup and 9/10 people will lose with it even if its proven net profitable. I love the dynamics of the markets.
The banking system will NOT fail. If it does will any investments other than ammo matter folks? HRMMM
Added—
Anyone now thinking of trading my ma’s…I’m not responsible for any losses. Just in case someone gets any bright ideas and loses their ass.
They work for me when I’m disciplined…that’s the real key! LOL
yeah I am on your ignore list but you answer my Q. ?
Besides, I am usually dead tired when I post here and am naturally drawn to arguments whether I agree or not. I know its a problem and I am working on it.
I just started trading with real $'s a month ago, so I am still learning about ETF’s. I will check out the 3x shorts you mentioned.
I use the 10,20,50,200 depending on the security at hand. I developed my strategy with Jay on that board I showed you, who talks about his purple crayon being his best trading tool :lol: I find that depending on the ETF in question, some track best with different ones and some with more of a combo where you look for convergence.
Here is one of the major providers of 3x. http://www.direxionshares.com/etfs
Just as a caution, there is severe leverage decay if you plan on holding long-term. If your trade plan is to hold longer than one swing one way or the other, i recommend shorting the inverse ETF to what you would have purchased.
Yep converging and wave patterns on MA’s are very telling. This assumes one has looked past magical unicorn indicators and learned to read price action and trends. I wasted 9 months tweaking indicators and looking for the grail. LOL
ETF decay is a big deal, but people as with any leverage get sucked in by the chance at hitting the jackpot. In their eyes nothing decays and the only side is upside.
Depends on the method they take. They could potentially buy out existing shareholders like a regular merger, or they could step in and take C and the commons would go to 0. They could also simply hold a 51% stake.
Yeah I moved away from individual equities into ETF’s. I figure individual banks may fail but the financial sector is so beaten up right now that if i buy it at current value, inevitably there’s a ton of money to be made, unless the whole banking industry collapses in which case we have bigger problems.
