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We will continue to give you summary of what others are saying on the internet about the markets at that site.We do not pretend to be right all the time but we will provide you with the most probable answers according to Elliott Wave theory.
Our short recommendations LABU had a decline of 16% , SOXL had a decline of  14 % , GUSH had a decline of 20% and TNA had a decline of decline of 7%  all in 5 days.We asked you to cover short in GUSH yesterday.Hold the other short positions as we are going much lower. You can now go long on GUSH on any decline  in a day or so. It will go up in 3rd leg or go short in DRIP on any rally. Any rallies today will be followed by declines.


10:50 AM Pacific time. Oil has started going up and Gush is going up. We asked you to cover GUSH yesterday. Gold will  start going up soon when Dollar starts weakening

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DJT made a new high to day without any of the other indices joining them.DJI, Nasdaq and SPY and Rusell 2000 .We should get another down leg as a small ABC leg ii was completed on Monday. Dollar weakened against Euro and pound and FTDE, CAC and DAX made new lows overnight.

Hold TNA, SOXL, Dust and LABU short for further declines.

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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.

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