The Price earning ratios have gone above bubble levels and it is about time we should take profits in all long positions even though we do not have a SELL signal yet as per second half of Chapter 5 of our book.
The following data from The
Wall Street Journal
Russell 2000 PE is 46.74 and when the decline starts TNA will fall the most and TZA will rise the most
We have made a lot of profit in TNA and we should take profits right now. In fact in TNA you have a profit of 25% if you bought on June 28 when we got a buy signal in accordance with Chapter 5 of our book.
NASDAQ chart
TNA
NYA Average of all stocks has not made a new high since May 22, 2013
The following data from The
Russell 2000 PE is 46.74 and when the decline starts TNA will fall the most and TZA will rise the most
We have made a lot of profit in TNA and we should take profits right now. In fact in TNA you have a profit of 25% if you bought on June 28 when we got a buy signal in accordance with Chapter 5 of our book.
NASDAQ chart
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