So the market had a big green gap this morning, the Fib Extension tool can be used to gauge possible extension points. Check this out: Look at how at each (23.60, 38.20, 50.00, and 61.80) level the price either peaked … Continue reading
That’s right. The_Real_Fly is up 17% year to date, and we’re talking about multi-million dollar portfolios. Here are some of his recent trades. He’s conveniently taken profits on all by now. Why not just follow his trades? Of course. … Continue reading
Trying to be disciplined and honor the stop ordered. Ended up getting punished by exiting at the high of the day.
Posted in Jinx, Trading Notes
Let’s see… Facebook IPO coming, all internet stocks going double digits today. End of month window dressing for the best January in decades. Beginning of the month new funds coming in next week. Thanks to the proprietary indicator I subscribe … Continue reading
And I’m one of them. With the market been going up basically non-stop since last December, this morning we finally had a sizable red gap (.60%) and really looked like the start of a decent correction; but guess what, it … Continue reading
Rectangle targets represents 100% Fib extension, and we can experience it everyday in the intraday charts. They are certainly equally applicable on the daily charts. Today the SPY reached the target of 131.50 as my Market View from last weekend suggested. … Continue reading
As I was amazed at his recent picks yielding stellar returns, I was even more impressed today. As the market is tanking to the tune of (1.5%) with a big red gap due to (was rumor but now confirmed) the … Continue reading