VRA Update: Using the VRA to Make $250,000 - In One Year. Plus VRA System Update
/Jan 19, 2016
Good Tuesday morning all. Yes, we are still in the early stages of what will be a rolling bear market, ultimately taking stocks down another 25% plus. I've seen nothing that is changing my mind, and the VRA System seems to get more bearish with each passing week.
This doesn't meant that we will not have bear market rallies....we always have and we always will, which is why we've been busy booking some rather huge profits of late.
At the end of this update we're sharing some feedback from a long time VRA Subscriber. And yes, we fully plan to book massive profits going forward as well.
As of Friday's close, here is the latest VRA System Forecast:
My short term, proprietary momentum indicators show us at 91% oversold...each time that we get close to reaching a highly oversold reading of 95% plus (along with heavy, panic selling), the market manages to rally for a day or two. This may seem like a welcome relief to the bulls, but it's actually the worst thing that they could hope for. For us to reach even a decent technical set-up...one that might allow the markets to stage a 1-3 week counter-move higher...we should first get that highly oversold, panic driven selling climax. And so far, we've seen nothing like this.
Instead, we get a "controlled burn"...which lulls investors into thinking that the lows are near, if they just hold onto their stocks. Sure, we hit 300% on the put/call ratio on Friday, and in a normal correction I would say that the short term lows are in place. But just as we are seeing in the oil markets, I see nothing that would tell us the final lows are in place.
Just over a week ago, I placed a poll on Twitter (@kherriage)...one that many of you likely voted in. The end result was that 70% believed stocks were going much lower, while just 30% believed we were near a bottom. Bearish, absolutely....but nowhere near where we will see these numbers at an actual bottom (85-95% bearish).
This weekend I placed a similar poll on Twitter, but asking the question about oil prices. With an hour to go before the poll ends (and more than 1500 votes in), 57% believe oil is going "much lower", while 43% say that we are "near the bottom".
A huge thanks to everyone that is both following me on Twitter and voting in our polls! But folks, as you can clearly see, the numbers are nowhere near where they should be for any kind of bearish capitulation.
For those that might say, "but Kip, surely you don't believe there is anything scientific about your Twitter polls", and while I absolutely get your point, I have given this quite a bit of thought...and I believe we can use my Twitter polls to our advantage...to continue booking world class returns (along with VRA System of course).
I'll explain more in future updates, but consider this for the time being; if we assume that most following me on Twitter are "like-minded"...and studies show that this is absolutely how Twitter works...then we can also assume that most following me are "already" highly bearish and expecting sharply lower prices.
So, for my polls to reflect just "mildly bearish" readings, tells me that even MY group of followers remain complacent. Give this some thought...because I can assure you that smart money investors the world over are looking for "market tells" just like this one. More to follow...but if you have yet to vote, please do so now (and if you aren't following me on Twitter, then you know exactly what else to do as well).
Bottom line: I believe its this level of complacency that will doom many investors to painful large losses going forward. And I will continue to use any dead cat bounces to ensure that we keep "bashing Mr. Markets head in"!
Finally for now, a big shout out to PR from South Carolina on his success in using the VRA. As PR knows, his results would have been even better if he had not missed some key buy/sell rec's. But hey, it's hard to quibble over $255,000 in net profits.
"Kip, all I can say is “thank you!”. I’ve been with you for 3 years but decided last year to follow you, and to do exactly as you recommended. I didn’t have any expectation of these results. In addition to the VRA, I joined Extreme Options in September. My results - VRA account turned $40k into more than $200k. Extreme options turned $25k into $128k.The crazy part is that I missed 4-5 very profitable trades.
$65k that turned into $320k. 400% in profits! As long as you have the VRA, I will be a loyal subscriber. How the hell you do this almost perfectly I still have no clue, but my entire family thanks you! PR - S. Carolina"
These are the emails, tweets and phone calls that we love to get here at the VRA. It's why I do what I do. But as I've said many times before, I can make all of the successful rec's possible, but it's your money and your decisions that deserve the credit. I think it's safe to say that PR has been "staying frosty".
Until next time, thanks again for reading...make it a good week.
Kip
vraletter.com
