“Those who have knowledge don’t predict. Those who predict don’t have knowledge.” Lao Tzu, Chinese philosopher, 6th century BC

PAYPAL

Wednesday 28 November 2012

28 Nov 2012

We got our correction today and we bounced right after.  SPX target if 1420 is the level to reach.  Everything is overbought though so one must be careful here on going long. 

6 comments:

  1. thanks so much for reply on gold, it bugged me all day since premarket slide. Im not long anything, just sitting on my hands, scared to short, cause so afraid the momentum stage(over 50 Rsi) will kick in and I will be run over short. LOL. I was long only until last friday and just watching now. Thanks for showing your work. I did notice that banks underperformed today too. BKX:SPX is declining. I closely watching GS as it looks like head and shoulders top. But now that i say this it will go to new highs. THe hardest part of this game is waiting patiently for proper set up. Liz

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  2. GS on the daily is still in an uptrend. Shorting it will come when the daily stochastics turns and you can go down to the 60min time frame if you want to enter a short position early and watch for the same downtrending stochastics then confirm that the daily is being manipulated to turn down as the 60min turns down.
    FAZ was good for us today. Made 3000 dollars on 3 trades.

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  3. when you say us are you in a trading room? just curious might be interested in going to one. THe ones ive been were trading nothing but aaple.

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  4. No.. I only trade with my partner. There are only 2 of us and we trade only volatile stocks.. which means FAZ. Your welcome to join me on a daily chat if youd like. somuchpeopleAthawtmaildotcom. you know what I mean when I type this. I just use MSN to chat.

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  5. ive never used msn chat i will go and attempt to set up a account sometime day. so i assume this is your address at msn.

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