i have carrying 6k shares, 4k at 21.17 and 2k at a painful 25.15(and angry with self i did not dump on run to near 1400--was plain stupid) for c/b 22.5.( do not trade VNX as a daytrader--i stress this so one will understand i have no interest if VNX were to rise Monday))
I am ready to add more BUT the TA of NDX has a lot of room for a major blow-off rally. i have no distinctive major oversold signal on NDX, if earnings don't disappoint it can blow to 1635 with ease and VNX will be selling at about 19( and i perhaps buy then for a correction and dump worse position on a correction .)
The fact that the Bear/Bull Rydex Funds CFL ratio is now at 00.89 (just above the 00.88 that it was before rally started) absolutely NO capitulation by Bears playing Rydex bear/bull funds thus far.
I do not use RYVNX non- moneyflow charts for buy/sell as they as TA RYVNX charts are OVER-RULED by NDX charts.
CTL for Venture Fund was +36.4million and CFL for Velocity fund was -36.9 million, this was a major shift.
Here is CFL for past 6 trading days.
Velocity 100 RYVYX -36.9 +14.2 -4.8 +10.0 +46.0 +0.6
Venture 100 RYVNX +36.4 -0.6 -5.3 -15.5
-12.2 -11.7
Simply go backwards to see how the last 6 trading days went, for instance the +46.00 million om VYX was on Monday, 7/11.
As already have 4k shares at 21.17 there is no reason for me to do anything (that 4k position is 8 months old by the way , i say that so one can understand my time frame:)
My target, if all goes right is to carry a 10k to 15k share in VNX at c/b BELOW 20--the lower the better.
He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque