Still a possibility but too many shorts out there not enough money to pay out them
chart by Peter Ghost
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
ok I was wrong about 2 leg down, now let's see this MM target.
Attachments
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
FSLR ping-pong play still alive short high buy low while is bouncing between MA50-200 and triangle, later will resolve in big move one way or another
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
Short.
Kind of surprised this morning.
I had a hunch ISM would beat expectations and figured that would get indexes zooming up.
No zoom...though as I look now maybe it was delayed reaction.
Anyhow, we now have improving economy including good ADP number this morning and QE forever.
So, why aren't we hitting highs?
Like to read more of my commentaries? Please subscribe my Daily Market Report. Subscribers can find all the members only posts HERE. StockCharts members, please vote for me HERE, thanks.
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)
LONGER-TERM PLAY. Bought some VELT this morning, looks interesting to me, seems ready to start another leg up
34% shares short as of 9/14
NOT A RECOMMENDATION
2 hour and daily charts
As I said yesterday crude is super bearish, maybe now is time to bounce a little at 50 fib
My satisfaction always came from beating the market, solving the puzzle. The money was the reward, but it was not the main reason I loved the market (Jess Livermore)