Update for Monday Sept 10, 2018

DJIA, SPX and Nasdaq and IWM all went below the 15 day moving averages thus confirming the coming big decline .We had the biggest declines in SOXL, GUSH, TNA, LABU in the last 4 days.See the charts below.

The reason we always short leveraged ETFs is Leveraged ETFs decay in value as time passes due to the constant rebalancing and rolling of underlying futures and options contracts.

 There will be a rally this morning Cover GUSH short position as oil has started rising again overnight. Gold has been going down as the dollar is moving up in short term. Hold DUST short .

The reason we always short leveraged ETFs is Leveraged ETFs decay in value as time passes due to the constant rebalancing and rolling of underlying futures and options contracts.

We have included here comments from Elliottwave which is predicting the largest % decline ever.

We have started the 3rd wave down which will also have 5 steps down.This is the longest leg down and we will keep you informed when it reaches the bottom.

You are already enjoying the 8 to 15 % decline in our short positions. More decline is yet to come but there may be a short term rally as dollar is acting
strong this morning . It is in a ABC move from the lows established recently.C will unfold soon taking dollar even lower.

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We have included here comments from Elliottwave which is predicting the largest % decline ever.