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Re: 123tom post# 3624

Thursday, 12/29/2016 3:23:31 PM

Thursday, December 29, 2016 3:23:31 PM

Post# of 11327
Excellent point on the miners. I actually sold almost all of my miner positions for that reason. Will see how things play next week around the resistance lines.

Agree there is a lot of wait and see toward the new year. Also agree the rigged nature of the markets is becoming more visible all the time.

Because the rigging is done with programs (bots) the mathematical dependence is inherent. Therefore, charting will have a greater success rate than gauging news. If one wants to examine rigging....just look at accumulation in the individual miners when retail wanted no part of buying the downtrend. The effect is that there was a known level where big (smart, rigged, whatever) money was going to get their position ahead of the retail crowd.

I am 94% cash right now. When I see signals I will put some to work with tight stops. Probably no more than 40% until a long term trend looks to be established. My focus will be select miners, bios and etf's. I am not SURE of anything right now, but the opportunities will be there. I will also be looking for key high flliers from the big board to buy puts at some point.

NVDA would be an example of a high flier I am watching for put purchase.

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