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Dead Cat(Hie) Bounce: Even Ark ETFs Did Well

ByTim Knight
Published 03/21/2022, 01:07 AM
Updated 07/09/2023, 06:31 AM

The bulls are doing victory laps, because even garbage like Ark Capital ETFs had a great week (in fact, I think the best in their history). I would quietly note that this is the NINTH dead cat bounce in the midst of this bear market for the likes of Ark, and I’m not sure where it is written that the ninth bounce is the magic number where it all suddenly stops and soars to lifetime highs.

ARKG Chart

Latest comments

HOW R YOUR SHORTS BUD?
These squeeze tricks have made the institutions/banks billions, they will take every opportunity to pull them off. Triple witching Friday weeks nailed the shorts and market makers are joyous about that. If you think Putin is evil, take a close look at rich executives and their algo driven machines. In the end, the majority will loose their money. Prolonging selling market off big time also entices lots more retirement purchases at bubblicious prices aiding the rich more when the bigger dumps come later when scaring the toughest longs right out of the market happens at incredible loses. In the end, we are heading towards the rich and poor only society, biggest recession in history, basically much starvation and all this will take place before or by 2035 in my estimates.
The market chart pattern has been a bullish pattern since 2020, in 2021 the flag pattern created the Tomahawk Butterfly pattern, and last week the flying pattern has moved into a reversal pattern to the upside which indicates that the Tomahawk patern has finished bottoming and is heading to the breakout point witch above the square Tomahawk [52-week high]
Its written on the wall. The market already had a crash. The value now is clearly visible.
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