Once in a while we get a setup that is just to sweet to pass up. It’s got the word ‘sweet’ tattooed all over its ass.
Now, if I just could remember where the heck I parked my car… [amprotect=nonmember] Charts and commentary below for anyone donning a secret decoder ring. If you are interested in becoming a Gold member then don’t waste time and sign up here. And if you are a Zero subscriber it includes access to all Gold posts, so you actually get double the bang for your buck. [/amprotect] [amprotect=1,9,5,2]
And there you have it. Seems that our resident convict’s wet dream is becoming a reality. Of course the day [...]
Some of you, and myself as well, think it was quite apropos for my to leave when I did, and return as I have. I am a trend trader at heart, and the 9 months of rally that I missed were merely the time I was to be playing ping-pong and waiting for the next trend to show it’s love. Since I can combine EWT with trend-trading, I am looking to catch individual equities that have been underperforming some where in wave 1, and ride them down all the wave until their motive move has reversed. Stronger stocks, I will usually catch right at wave 3 is busting out…
Since I was lazy on one of my charts yesterday, and Gregn (I believe it was you) called me out on it… I [...]
1:30pm EDT: Full disclosure time: I wanted to mention that I bought a load of SLV Oct 12P this morning.
This is a long term trade which I will hold into the summer.
Hey, this actually looks a bit like me – LOL 😉
2:00pm EDT: Channel update:
I cleaned it up a little but it’s still not super reliable. However, I think that 940 -936 is a bounce zone. If you are bullish this is where you should grab positions – easily managed by a stop a few points down. If you are bearish this is the uncle point. Personally – I have no clue – Zero is completely flat at this point and I’m looking forward to my weekend [...]
UPDATE 3:38pm EDT: Yeah, that was some extended breakfast 200 comments – are you guys insane? I thought everyone was leaving for the long weekend already. You rats hardcore, I give you that.
Anyway, it seems we are closing in on that diagonal I’ve been pimping for over two weeks now. This should provide a much needed damper to all that irrational exuberance of our mouth breathing friends.
“But – oh evil overlord – iconic (and handsome) leader of all lowly rat minions – what is that coveted diagonal you speak of?”
Well, there you have it. Isn’t it a beauty? I’m actually tempted to load up on [...]