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Strategies & Market Trends : Wolfgangrene's charts -- Ignore unavailable to you. Want to Upgrade?

To: Chris_Toronto who wrote (3723)	2/5/2018 5:17:25 PM
From: Chris_Toronto	2 Recommendations Recommended By Justinfo The Ox Read Replies (1) \| Respond to of 3976

I sold all of my levered inverse index ETF's. SDOW (3X) and Canadian listed HSD.to (2X inverse SPY). They were up huge today, so my portfolio is happy but the positions were closed with a net loss because of the part that was bought earlier. Will the $SPX revisit the 2,485 pivot? I still hold a single inverse SPY. The Ox was right... you can predict a 5% correction but you can't predict its timing. This could have hypothetically worked if I had unlimited resources and I kept buying exponentially more with each rally but, I couldn't keep exponentially doubling the position. My last buy on HSD was $4.01 which increased my position in it by 50%. It bottomed at $3.92 days later. It closed at $4.57 today and hit $4.60 intraday. I was going long pipelines and gold today. Wow! What an exciting day this has been.