I think whatever you need to know about a Formation of bubbles and their burst you can see in the ZM chart:
An 805% move in 18 months followed by an 84% decline in the next 17 months:
During that 84% decline, you see a 36% and 48% positive surge, but the aftermath remained the same..!
Even a significant change in the fundamental did not help:
But ZM...
Most of Cathie Wood's followers were playing in the kindergarten or elementary school playground when she underperform the market in 2008.
According to Alliance Bernstein documents, she had -46.72% net return and -45.12% pure gross return in 2008..!
Interestingly, Positive alpha over every annualized time period (10-year alpha: 2.4%)
Cathie Wood on her way to...
One of the most important chart patterns is the buying and selling climax. A classic example of the pattern, in the form of a potential selling climax (S/C) is showing up in the daily and weekly charts of ARKK. Climaxes are exhaustion patterns, they develop as the last needful seller (weak hands) capitulates and hits the bid. Sellers are essentially...
