KENA wrote:Took profits on all shorts and now will be going long swing trades in 4-5 stocks. All have had good pull back off highs and may start up tending.To me with what little I know the mkt of stocks( not indexes) seems to be wanting to creep up in some stocks.So let see what happens for a few days.
we r on the same page. this week is done.
Hi Soku...Glad to see that I'm not alone..
Just eyeballing the chart, I look for the May 17 close level (130.86) a likely spot to revisit and dump shorts, if there is no macro monkey business involved. No disrespect to resident primal board members.
‘the petrodollar is our currency and our problem’....Gappy
tradematti wrote:" more rebound, low was in " what a jocke............
I follow Cobra's calls. Paid for my Cobra subscription for the rest of my life in the last month alone. Nobody can call the market hour by hour perfect every day. Take a stop loss and move to the next trade, that's what I did.
Thanks. I don't know what's going on. It's just one day call yesterday, I said "there're some chances the low MIGHT BE IN" and I showed the chart why we might have a rebound "SOON". If this counts as wrong, well, go find other newsletter writers. Rarely people can call market in this details like I do. So I really don't know what is going on here.
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Then you are the perfect man to post this chart to!
Hey, remember when they kept you up for days and how you felt? I've had about 2 hours sleep in 26 hrs. I am bouncing off the walls. Not sure if that means I'm in a satori, or if I produced giggerish:
Tradermatti must be a newbie, so I can’t pick on him
HELLOOOOOOOOO:
He neglected to see cobra’s last night “Portfolio Update” showing which order was FILLED AT A NICE PRICE !!!!
Disclaimer: I am not an investment advisor. This is just my opinion NOT investment advice.
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nicha wrote:Cobra - I saw your post on AAPL last night. I am holding some August calls. Has your opinion changed?
you mean the trading system changed the mind? No.
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Tradergirl,
Just dropped the kids off at summer care and got into work. Thanks for the warning about UVXY - it sure did drop fast! Your charts on NUGT are awesome!
i agree, i think gdx could drop to around 35. from high to low at 0.382.
TraderGirl wrote:
TraderJoe wrote:TraderGirl,
Do you think the $8 low in NUGT is the low for now???
I am wondering the same thing...Looking at GDX we are right at that trend line support, but the wave count says we could be in a wave 5, which would give us a new low...but knowing we could be getting another correction in August I would not be surprised to see it bounce here, then make the new low in August...I can't tell you, have to see if it maintains this support line...