Here's some more conspiracy finance fun and games: Most of 3xETFS have reverse splits tomorrow. I have keeping quiet about this for a few weeks because I thought they might hold up the market until these splits occur. It prices out the average retail trader and improves the ETFs compounding ability. EDZ already had a reverse split back near the April high. Big boys can scoop up these shares and not worry about the retailers piling in and crowding the trade. I really don't mind revealing this now because I don't think anyone is listening anyway. Everyone is looking to the moon. $trin is also extremely low/ and close to the all time low from a few weeks ago. Kind of similar to when the short uptick rule was rescinded right before the July 2007 top.
At most, I can see the 1070 print tomorrow on a gap up. After that, it's down hill I believe. However, since they are doing a reverse split on most 3x etf's tomorrow, it could close only as a doji or slightly down.
Then Friday should be the start of a big sell off, as after reverse split, the insiders will load up on the bearish ones… just like they did when they did a reverse split at the April highs.
Who's your boyfriend… Spock? LOL. You come around when I finally get a call right, and say nothing when I'm wrong. This little site doesn't get enough traffic to disrupt your little system. The retail traders are still fooled by your games. Time for you to leave now Capitan Kirk.
I also checked Sept 2008. Similar pattern. SP/ or whatever average drops below the last important low (in 2008 it was the July low—-in fact we might have another anniversary here), penetrates it briefly and endures a sharp snap back rally before the collapse. In 2008 it was a 100 pt 2 day SP rally but we don't want to see that. But it also didn't snapback above the previous shelf high which in this case would be the highs above the 6-25 close.
so he synthesized all of this info and it works (on occasion), so chuck the methodology that went with and helped him arrive at his conclusion
Compounding ability is not affected by price. The shares can not get any where near $5.
This has nothing to do with crowding out the retail investor whose contribution is nil to overall volume on the 3x funds.
Here's some more conspiracy finance fun and games: Most of 3xETFS have reverse splits tomorrow. I have keeping quiet about this for a few weeks because I thought they might hold up the market until these splits occur. It prices out the average retail trader and improves the ETFs compounding ability. EDZ already had a reverse split back near the April high. Big boys can scoop up these shares and not worry about the retailers piling in and crowding the trade.
I really don't mind revealing this now because I don't think anyone is listening anyway. Everyone is looking to the moon. $trin is also extremely low/ and close to the all time low from a few weeks ago.
Kind of similar to when the short uptick rule was rescinded right before the July 2007 top.
At most, I can see the 1070 print tomorrow on a gap up. After that, it's down hill I believe. However, since they are doing a reverse split on most 3x etf's tomorrow, it could close only as a doji or slightly down.
Then Friday should be the start of a big sell off, as after reverse split, the insiders will load up on the bearish ones… just like they did when they did a reverse split at the April highs.
Who's your boyfriend… Spock? LOL. You come around when I finally get a call right, and say nothing when I'm wrong. This little site doesn't get enough traffic to disrupt your little system. The retail traders are still fooled by your games. Time for you to leave now Capitan Kirk.
I also checked Sept 2008. Similar pattern. SP/ or whatever average drops below the last important low (in 2008 it was the July low—-in fact we might have another anniversary here), penetrates it briefly and endures a sharp snap back rally before the collapse. In 2008 it was a 100 pt 2 day SP rally but we don't want to see that. But it also didn't snapback above the previous shelf high which in this case would be the highs above the 6-25 close.
Use this site for what you can learn dand contribute.
Do not try and change hearts and minds. It is hopeless. I have tried as have others.
I told him, he is getting GOOD! Now if he could lose the conspiracy bent………..
You are right on. We are going into a depression. The question is can my boyfriend hold us off until the election?
Wow Red, impressive call on today's high. You nailed it!