Hi Vesselin,
Glad your here on IHUB and sorry to hear of your trouble with StockCharts. I've followed your QQQ TA for a while now. As a matter of fact, I copied one of your post near last Christmas on the Motley Fool and it was very well recommended. (voted for you a lot BTW) I like using the VIX to show main market bottoms. This last market double bottom was a good one IMHO but Zeev thinks there will still be some rocky roads ahead. Usually September-October are weak anyway, at least historically.
What are your thoughts on buying RYVYX (Rydex double NDX long fund) around these levels? I was lucky in buying at the low at 8.40. At first I was thinking of trading it but after looking at long term charts RYVYX was at 350/share when the NDX was at 4000. Now I'm thinking of trading half but keeping some LTBH like. My thoughts are that this bottom was good enough to be the bottom for the year and depending on our recovery could possibly be THE bottom. People much smarter than I, think we will break this bottom, but not for a while. What are your thoughts on this?
Thanks,
Fletch
PS My father was stationed in the land of fire and ice for a year in the late 50's. We stayed state side but I would have loved to have lived there even as a kid LOL.
Glad your here on IHUB and sorry to hear of your trouble with StockCharts. I've followed your QQQ TA for a while now. As a matter of fact, I copied one of your post near last Christmas on the Motley Fool and it was very well recommended. (voted for you a lot BTW) I like using the VIX to show main market bottoms. This last market double bottom was a good one IMHO but Zeev thinks there will still be some rocky roads ahead. Usually September-October are weak anyway, at least historically.
What are your thoughts on buying RYVYX (Rydex double NDX long fund) around these levels? I was lucky in buying at the low at 8.40. At first I was thinking of trading it but after looking at long term charts RYVYX was at 350/share when the NDX was at 4000. Now I'm thinking of trading half but keeping some LTBH like. My thoughts are that this bottom was good enough to be the bottom for the year and depending on our recovery could possibly be THE bottom. People much smarter than I, think we will break this bottom, but not for a while. What are your thoughts on this?
Thanks,
Fletch
PS My father was stationed in the land of fire and ice for a year in the late 50's. We stayed state side but I would have loved to have lived there even as a kid LOL.
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