I bought some of this in late Feb at around 670 after I thought it was done crashing. Then it crashed even more (all the way down to 540 which was a bit terrifying) and I jumped out after it popped back up and I was at break even... Recently rediscovered super long term parallel lines on log charts. SPX doesn't look too bad in that respect (looks like it has...
If it comes back to the middle line, that is 3084 (-22% from where we are now). It looks like there is more room to go UP on this - who knows. There is also plenty of room to go DOWN. I have no idea what it is going to do. I am starting to think that, yes. everyone will put their stimulus $$ into the MKT and it will go to the top of the trend. I guess I should...
for a bit (tomorrow), I suspect, one more time (rinse and repeat, etc)... (not trading advice). Maybe I am wrong.
I sold today (after hitting break even on previous buys that I bought too soon) and am hoping to buy back later, lower. Probably a mistake :) Not trading advice.
Looks like maybe it wont go lower than it just did? Not trading advice. I am thinking it goes to 760 green line perhaps
Is this possible? Or was what we just saw (with TSLA and SOXL prices a few weeks ago) NEVER going to get that high again? I don't know myself... What you do all think. Which one to BUY now TSLA or SOXL?
Now at bottom of channel? Weird discontinuities around election time and also on Feb 24-ish when popped out of channel for whatever reason? I am (still) in at 686 avg (since Feb 26) which I think/thought was pretty good. Should have sold multiple times today perhaps? (Not trading advice)
That chart says to optimistic me up to $1000. Not trading advice - just drawing lines and ignoring the "overshoots".
Looks way maxed out. I bought DRIP a bit early at 15.33 or something and failed to sell it when it dropped (when OIL spiked way up) - DRIP went way down to 13-ish and is now going back up). At THIS rate, if GUSH goes to the bottom line - $18 - why wouldn't it, it was just there a few months ago (-71%) - DRIP will go UP 71% (maybe) - which would be $24.76 (why...