Nrsimha wrote:My plan ------ > Look for a good entry point into GDX, GG, NUGT tomorrow and Thursday if gold drops due to taper tantrum.
Maybe hedge with a little DUST.
Thinking about buying some DUST today.
What do you think ----> DellGriffith? Anyone?
From this time frame they are strong not failure insight, well, CLF of course.
My comments are for entertainment/educational purpose only. NOT a trade advice.
4th test on the red line so breakout is more likely.
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well, guess that's it for today. Tuesday once again lived up its reputation as turnaround Tuesday. FOMC tomorrow is a little bit bear friendly recently. thank you guys, I'll see you tomorrow.
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Nrsimha wrote:I'm wondering what it means historically when SPY spends its entire day BELOW the bottom 20,2 day BB and closes a couple of cents above it?
(And yes, I am in love with Kelly Evans of CNBS. I think she is the hottest woman on TV with the exception of maybe Jedidiah Belah of FoxNews.)
Its a rare occurrence for it to be below the lower BB that much to begin with.
If you simply waited for it to get well below the band and then went long and sold when it got back in the band, you win the majority of those trades. But, it doesn't happen that often.
bearish as of SPY 406 on 2/17/23
currently: end bearish as of SPY 406 on 3/6/23
As stated in my last post we had just gotten a short term buy signal...(page 4 post). The market was trading at 1785.25. Looks like the "bots" woke up! lol