ProShares UltraPro Short QQQ ETF (SQQQ)

[Nikodemos]

Niko nailed it , buying 250k worth? Niko , I could throw down a milly holding out , SQQQ

Thank you Spuds.

It would be a TREMENDOUS OPPORTUNITY should this break down through support $10.00 into historical lows. But the FUNDAMENTAL question is what stops the downward momentum if long term ~$10-$10.25 range FAILS!?

And being that we're in an ANOMOLOUS Election Year, how/when do you ACCOUNT for a reversal/CORRECTION?

I have started to accumulate more CASH -- getting out of positions that have been SUPER PROFITABLE. But I'm still doing DD over management & trying to discern WHY this has FAILED (so much) & for so long!

The upside here is incredible... but sometimes it's difficult to SHOVE when the simple answer is you think a recovery, breather, or stock chart suggests. I like MORE CORROBORATING points, fundamentals, etc., that SUPPORT what I'm seeing in the charts. Either way I'll probably take a nibble (at the very least) but I could put far more money here -- & have made significant BETS/HEDGES like this (in the past that have paid off)... We'll have to see!


ITM, if folks have REAL COGENT BULL POINTS to make on this, I'd be interested in their take!


One would think that with BOOMERS retiring we might have seen a SIGNIFICANT CASH EXODUS from the markets over time... Warren Buffett seems to be HEAVY CASH these days (as well) which he LOATHES to do -- & I agree but.... The ELECTION year seems to be INFLATTING market values & the BABY BOOMERS seem to be keeping much of their money (in play) in the markets.



So far I think it makes sense to KEY ON the DOW which is nearing a double-top! If the DOW breaks up through to NEW HIGHS I just might give it a 3-8% (10% max) leeway before taking an entry position here (likely sub-$10.00). If the double-top forms, & NEW HIGHS are REJECTED then THAT may be the BEST SIGNAL to consider...


Just thinking out loud...


Anyone who has been following this MUCH LONGER than I have any input?

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