Any decline today should be used to buy TNA . The decline may happen in two steps; a down , b up and then c down to a lower low. Each of these steps will have many small up and down steps. So be careful when you buy. IWM, RUT & TNA all have given Buy Signals as of yesterday.
Some people are asking us if Apple is a Buy now. The answer is NO. See the chart below.If you had used the trend following approach, you will be out of Apple as soon as it went below the 15 day moving average and stayed out till it went above the 50 day moving average. It happened in between but you will be out soon after without any loss. Using Elliott wave , Apple is in the 5th leg down. The 5th leg down also has 5 steps. We have completed one down, two up and are in 3rd down which will be followed by 4th up and then 5th down. It can easily go to around 350 now that the company is wasting $150 Billion by giving a small dividend and use money to buy its own stock back.The wiser thing would have been to buy a whole bunch of small companies with paper( shares selling around $700) and grow with their innovations.This is what Cisco used to do and it is still in the top 10 in sales growth in Silicon Valley.
And look at those dumb mutual funds who bought around 600 to 700. It will never go back to 700.This is another example of BUY & HOLD Strategy that most mutual funds in your retirement funds follow. They are making money but you will never get rich because of them.
Some people are asking us if Apple is a Buy now. The answer is NO. See the chart below.If you had used the trend following approach, you will be out of Apple as soon as it went below the 15 day moving average and stayed out till it went above the 50 day moving average. It happened in between but you will be out soon after without any loss. Using Elliott wave , Apple is in the 5th leg down. The 5th leg down also has 5 steps. We have completed one down, two up and are in 3rd down which will be followed by 4th up and then 5th down. It can easily go to around 350 now that the company is wasting $150 Billion by giving a small dividend and use money to buy its own stock back.The wiser thing would have been to buy a whole bunch of small companies with paper( shares selling around $700) and grow with their innovations.This is what Cisco used to do and it is still in the top 10 in sales growth in Silicon Valley.
And look at those dumb mutual funds who bought around 600 to 700. It will never go back to 700.This is another example of BUY & HOLD Strategy that most mutual funds in your retirement funds follow. They are making money but you will never get rich because of them.
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