Loading ...The Market is EVIL
What a Pain in the Abs !
There is a HUGE Drop Coming
If one is In a Bear ETF 3Xer at the right MOMENT
One will be Very Very Happy !
I thought today was that moment …BUT NO !!
There is NO Doubt there is a HUGE Drop Coming and soon…but you can lose a LOT of money just sitting in
EDZ and SQQQ and FAZ and the like….as they chop around and decay !
LOOK at the Emerging markets…On the Precipice
I guess if you KNOW what’s coming accumulating and HOLDING EDZ is a good plan…but you gotta be thick skinned to
hold it !
I don’t know fully. I certainly agree the day for these is coming.
But EDZ is -3x EEM.
And my MONTHLY unbounded sto’s for EEM say this. Currently -36. Very OS.
Sept ’11 -32
June ’10 -50
Aug ’15 -31
All three show up clearly on your chart as tradable lows.
We could certainly see more downside this month yet, but it should mark a multi week low per that history, at the very least
Ya But How about October 08 for your unbounded Stochastics ?
Standing by
LOL …. Sept 08 I have -33, ahead of Oct’s plunge. Exception that proves the rule?? Good eye by the way.
That reading, by the way, sets up an ALERT, but no buy signal … which didn’t come until Dec (which flamed out) then March of course.