Looks like an attempt to form right shoulder longer term – keeping my short /es on the even shorter leash.
Stopped out of /cl crude oil futs
Looks like an attempt to form right shoulder longer term – keeping my short /es on the even shorter leash.
Stopped out of /cl crude oil futs
Just amazing what a difference … NOT … two weeks might make, I feel like I stepped into the same water in the land of phantasy…
The only trade I have on right now is automatically opened long /CL position off that magic upper trendline of my favorite long term triangle (helped to spot breakout back in June 2013 and strong bounce on Nov 15th 2013.
Still in the vacation mode, hands still bleeding from tying the knots on my buddy’s yacht and still trying to reach out to my lady friend who accompanied me on my trip (she is a real doll, 23 years younger then I and a really good friend…yes that IS possible between old burnout like myself and someone who played in few Broadway musicals) – stay tuned
P.S. Starting to look through the charts and so far is feels like my point of view of January 15th 2014 being a major top might just prove to be correct
Small EWJ short opened on combo sell 13 making some money, I am totally unwilling to place any significantly big trades until “end of the year that was 2013” profit taking will end and markets will reveal real intentions. I’ll be keeping it on the short leash around 15550 area. Why this level? Hmm.. – why not?
Garland Greene: What if I told you insane was working fifty hours a week in some office for fifty years at the end of which they tell you to piss off; ending up in some retirement village hoping to die before suffering the indignity of trying to make it to the toilet on time? Wouldn't you consider that to be insane?
Back to gold – quite an impressive bounce once again off that now famous grey area and weekly TDST (blue horizontal line)
I have no position and I will be watching 1235 (red arrow) and if it gives – 1253 (green arrow) – why you ask? because I think if it will go above 1250ish it will signify trend change in spite of all those self important “gold goes to $600” false prophets.
I might take a quick short at 1234, but I do not put too much hope in that trade and no matter what it will be short lived indeed.
I am still in vacation mood, sitting on sidelines (leaving Jan 1oth with my friend who has photo shoot in St. Thomas – and I jogging along for all the goodies unmarried man might have having such friends LOL ).
Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
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Disclaimer: This website may include stock and market analysis. Any opinions, ideas, views and statements expressed here are opinion only, subject to change without notice and for informational purposes only. Trading stocks carries a high degree of risk. It is possible that an investor may lose part or all of their investment. Accuracy and timeliness of any information is not guaranteed and should only be used as a starting point for doing independent additional research allowing the investors to come to his or her own opinion. Nothing on this blog is to be considered a buy, hold or sell recommendation. Any investments, trades and/or speculations made in light of the opinions, ideas, and/or forecasts expressed or implied herein are committed solely at your own risk, financial or otherwise. Results are dependent on market conditions, timing and trading style. This blog is not affiliated with Tom DeMark in any way and does not claim to represent his estate or personal views. Any references to Tom DeMark or any of his indicators are for educational use only. Comments posted on Disqus Threads are not moderated and are not representative of opinions of authors of this site.
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