Hello All!! have been away for awhile but I'm back...to business that is--
Mr. VIX seems to be missing neg. RSI divergence to complete this corrective move.
Last edited by toddymc on Wed Mar 20, 2013 11:22 am, edited 1 time in total.
jarbo456 wrote:anyone following SLV still? looks like it's falling out of the channel...not great for my reversal plan. moved stop to even.
It's below major moving averages on a daily time frame and not making new highs. Unless you end up catching the yet-to-be-known bottom I think it will continue down eventually FWIW.
I think your own comment of overlapping action is telling......
2. Cyprus. Maybe it is small, but is "only a pawn in their game." If history is any indication Russia and Germany having a go at each other is not small.
3. Classic blunders: Never get involved in a land war in Asia, and only slightly less well known is this: Never fuck with Russian gangsters when money is on the line.
3. Classic blunders: Never get involved in a land war in Asia, and only slightly less well known is this: Never fuck with Russian gangsters when money is on the line.
GDX has made a series of lower lows on the TSI...usually when that happens it needs a pullback to a higher low to get a sustained rally of some kind...price can get a high or lower low when that happens...
RSI is at resistance...need to see that break out for GDX to break out IMHO...
I guess, we will find out which way it goes...quite possible it breaks out then breaks down at a later time...
Unique wrote:
Limit stops are for suckers because MMs will crush you if you're a day trader. So if you have the time to monitor, then manual stops at market prices are the best IMHO.
As individual trader, I use manual stops. But most time, limit order.
Unique wrote:
Limit stops are for suckers because MMs will crush you if you're a day trader. So if you have the time to monitor, then manual stops at market prices are the best IMHO.
As individual trader, I use manual stops. But most time, limit order.
I put in an order at my target, then hit cancel/replace and have it ready at my fingertips to change price and hit sell to close. A mere half second and I can get away clean.
In Nicosia, a Cypriot government spokesman said President Nicos Anastasiades’s cabinet had forged a new proposal that aimed to “reduce the €5.8 billion haircut from depositors, by borrowing from our own resources.” He did not provide details, but state television reported that consideration was being given to tapping Cyprus’s national pension fund or issuing new debt.
And in a surprise twist, the head of the Church of Cyprus went on television to propose putting all of its properties up as collateral so that the state could issue a new round of sovereign bonds to raise money. The church is one of the largest and most influential investors on this Mediterranean island, with vast holdings in banks, real estate and other interests.
Archbishop Chrysostomos II suggested that all of the Church’s dioceses, parishes and monasteries — which are also big investors — could then buy a portion of the bonds to help the country at a time of need.
Describing the church’s holdings as “huge,” the archbishop said it would “put all its property is in the country’s disposal in order to support the people, avoid the banking collapse and help the country stand on its own feet.”
fairly trippy and certainly different my my understanding of church biz as usual. looks like we have a 3 way between the local church/the russian mob. . and of course (coming to a theater near you) the national pension fund shaping up.
TraderGirl wrote:GDX has made a series of lower lows on the TSI...usually when that happens it needs a pullback to a higher low to get a sustained rally of some kind...price can get a high or lower low when that happens...
RSI is at resistance...need to see that break out for GDX to break out IMHO...
I guess, we will find out which way it goes...quite possible it breaks out then breaks down at a later time...
luv it
u goin' way back there mama
luv it
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.