All of the ARKs are sending BEARISH signals

Over the course of last few day all of the ARK funds visibly undercut previous lows. One thing for sure - there is no chance for UCR on those charts as the week is closed. The overall message from those charts is rather bearish. Mrs Wood tries to pass on the story of 'buying deep value' but market is pretty bad and the names she is buying have very high PEs even with 50%+ share price drops. New traders should look at charts 20 years back. CISCO did have 90% drop and has not recovered for over 20years. Remember - drop of 50% means that to recover - the price needs to go up by 100%, drop of 90% ... do the math! Protect the capital is the name of this game.
And if FED not only stops printing but also starts offloading what they bought over the last months .... then the bottom is pretty low ...
Do not trust 'talking heads' - trust the chart!

PS: ARKs were successful - but an alert investor would have stepped out without trusting the narrative of the fund managers.

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so .. no bottom in sight ... there were some interesting claims today when for a brief period ARKx were showing +4% today ... ... well .. busted ....
Never trust TALKING heads!

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5th biggest holding COIN -12% today! ouch ....