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17.74 block and 13.75 block added, avg 15.08...hoping to add 11.75s and take that average down to as close to 12 as I can get it for the ride up to 22.
Juuuust waiting
Bet FED stays on track.
Yeah, what he said
Hellaciously overvalued. Shortage coming? Not until gold hits 950 or less. Then easy street back to 1700+ my guess. The miners have been pitted to dig their 'thickest' Claim sites and the cost to produce the older small producing claims. The hitch: miners are exhausting the thick Claims...costs of 'exploration' blah blah blah and the Dollar.
The chart says: potential.
Cup handles have a funny way of falling off gold n NUGT, we shall see.
Need a few more shorts for the rocket fuel Im mixing.
Target acquired....soaking up DNRG EN MASSE: I always get my mark. The idea here is to have a little fun, sell before it bights, and to remember the great Mork of Boulder would state simply,"Nanoo, Nanoo".
Yeah, they're in there. Heck. I guess Im lucky I was resurrected...
Accumulating...alright, lets see if this bangs out e.o. month.
First person I ever seen get smoked by DUST! Welcome to the inverses! Good work 2OUTS!
Shabow!
What a strange day, never seen a chart so out of whack. That said, it held its ground like the 300. Gold holding this channel, and in the longterm It still feels heavy.
Chaaaaaachiiiinggg!
Just, mind the gaps.
Hmmmm. Everything is so cheap right now....except TVIX, UVXY and Gold. 'They' are buying oil with gold. Probably from reserves bought many years ago and being traded at this high, yet the outflow of gold is very low. Talk about conspiracy. They have a hard time making money at these highs the past year, so somehow 'manufacture' corrections, short stock, then buy all the weaks' shares at the desired price ranges, then spike SPY to keep it afloat, or surely it would crash because no one is gonna buy a sinking ship. Big bug light, I call it. That said, I just wonder why foreigners are buying a shit ton of dollars at these highs? Think the dollar spikes? If so, then what of SPY/SPX? When, is the 40 mil dollar question. Well, this started around The 'santa rally' if not before...so sooner than expected? Something about those two green candles in TVIX on the six month chart from yesterday and today that is unsettling. But, obviously I dont know ditto.
Sideways sux. I think market needs a small break.
In and out Sarge! Good breach.
Coulda waited for a long position here, but I think the fear isnt all its ramped up to be. Trixes, I tell you. Oddly, I think this 3x prevails. Hell, VIX wont even FLY past low 20s up to here. That said, whats to worry?
Week ago this was a POS!?
I remember when we used to fight for shares sub $3 because we knew this will do 70% rips no problem...what a brawl past 3.50 back then...with a downtrend in gold for a number of years, this always makes good profit....I am willing to face a sub $20, starting high 18s pullback with a $35 cap...around 70% on a hold....just a nutural ebb and flow...just beware the underlying current is gonna pull gold down long term...NUGT sub $21.75 will dip hard, if that time comes, a lot are lining up for $19. You have to simply ask yourself: why did they RS? Because of golds channel. Remember when gold mostly popped a little on monday pm? That might be in the process of reversing for now....we shall see. If I saw gold stamped at $750-950....I would gobble the s$&t outta it. Why didnt DUST RS?
Well..unfolding according to thesis here....its just not gonna be done in one day Im thinking...
Just be watching for the fake outs.
Some beach
Additionally, once the VIX stabilizes past 20, SPX and SPY aren't as prevalent.
Volitility would not exist without the stocks volatility tracks, therefore is an inverse reflection to the overall exchange and the stocks therein...moving average is exactly just that...moving average....if SPX moves below its 100 dma, that dma is heavy resist...making strong support in TVIX at its 100 day... So I must disagree, or the last year of staring at this things every move has been for not.
Bueller? Bueller?
Pretty stoked to see if this thing waves or flakes out. All signs point to higher...and all signs point to lower. A double base at this level in SPX would not have the bang their looking for to get SPY above 216-220 and price in liftoff and the next increase rate... But if daddy warbucks does decide to offer a left hook...wooooosh 52 wk high.
Ummmm...im just gonna hold this 5.48 series while the world goes crazy. I think of them like I bought front seat tickets for the big extravaganza of a world event that would be so worthy as to pay me to sit and watch. If I sell when this balloon finally touches ground at 6, so be it...ill get tickets to another show. But if these charlie chocolate factory tickets rock me $32 each by some odd off the wall chance, screw the factory, Ill sell someone my tickets. meantime I bought with a 12.50 if your lucky target, comfy mental stop at 8....we shall see.
Yup, still holding
All eyes at 10:26 ET
Loving the work on sexy EXXI...target entry sub 1$
Agreed, someone...fake heads, trixes of trades...we shall see
Good job Chris! Maybe a 5.90 close.....
Built a stairway to heaven in pm....this should be a wedge heyaeah.....imho
Fear: its official. Gl
One last nugget, we aint always right, but have you noticed how much this thing gaps between a friday and a monday when things are hot and heavy?
This turd has to drop to fly....its the nature of fear. THIS IS A SCALPERS PARADISE.....thats why I play this disco ball.
I took a nap. How we feeling now!?