I entered into a Long LTC position on 03/25 at 176. This was the area that the intraday price made a higher high to indicate a bullish reversal. Supporting indicators are that LTC was falling on the trend line and CCI indicated an oversold position. My stop limit is 168 and my target price is 195. I am projecting that LTC is beginning to form a Head and Shoulder...
I recently closed out my SQQQ position. I walked away with a 12% gain in three days. Could it have been more, of course. The market started to bounce and I was giving back my gains, then I remembered... Pigs get Slaughtered As you can see the Nasdaq is coming into it's trend line support, I am going to sleep on this one and trade it. We could be setting up one...
I have started to Dollar Cost Average into my short position since Friday. The long term trend for oil is downward. Not to say it has not had a great run since last spring, but growth is not linear. On every transaction there is a buyer and a seller. If someone is telling me to buy, he is probably selling.
Hello All, My name is Doji. I am an Ex-Broker who has been charting the markets for over 20 years. Rather than overcomplicating things, lets just step back and look at the big picture. Once everyday people start talking about how much money they are making in the market, it's time to find the exit. Like the old saying goes, feed the ducks when they are...