Loading ...SQQQ and PSQ
Many had indicated that Nasdaq may have reached its ICL … but it seems the TSLA disappointment has thrown such “analyses” off … so now are there new downside targets for Nasdaq or 10500 will be tested again and then off to new highs, or at least a new Intermediate Cycle, without new highs?
PSQ buy points?
For what it’s worth, I’m still holding my tiny SQQQ position initiated on 9/9/20 @ 24.21
GL
Continue to hold your SQQQ. Buy point for PSQ was yesterday. Go back to Fully’s late day post and read comments. As I have said for weeks the splits of AAPL and TSLA marked the highs for QQQ’s and as a result the NASD COMP. Going down hard from here. They WILL NOT BE MAKING NEW HIGHS!
I love your crystal ball, Sir Chartsmaster!
You posted at 1:11 pm eastern … SQQQ was 26.46 … now 27.02 … 1:59 pm eastern!
Love it! Love it! Love it!
Go Sires Fully and Chartsmaster!
GL
27.68 !!!
Thanks Sir Chartsmaster, for your prompt and honest advice on SQQQ!
PSQ is still just 1.5% above yesterday’s lows, so yours and Sir Fully’s words are VERY reassuring me to buy some PSQ too!
The looming question now is: whether to add more junior and microcap miners that were on my radar (suggested by yourself, Patrick and others) or to allocate more to the leveraged or unleveraged short QQQ trade. AGQ is looking very attractive today as well, so many choices!
GL
Stick with the short QQQ’s for now. Just be careful with the leverage. The rocks will have their day but there is no rush. I still expect gold and silver to fall to the targets I posted earlier today. There will be plenty of time to accumulate the rocks. For now the market crash is the play.