Buy and Sell Signals, and Other Market Perspectives Message Board

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Strategies & Market Trends : Buy and Sell Signals, and Other Market Perspectives

SPY 683.38

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Nov 12 4:00 PM EST

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To: GROUND ZERO™ who wrote (179748)	9/28/2022 10:36:27 AM
From: Turtles_win	Read Replies (1) of 218745

Right. A lot of times though this type of thing is the "easy to recognize trade". That is, spot things that have dropped 80% or more and assume they will make it back to their previous highs. It seems like much of the time, the thing that explodes higher is a new thing, not an old thing. However, things like LABU and SOXL are so crushed and they are tracking the NASDAQ usually, so they could have a long term rally to the mid-point, around 35 or so, like you suggest (LABU anyway). Maybe SOXL will follow a path different from LABU but I'd guess the two will track over the longer term.

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