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Re: Watch30 post# 1219

Friday, 04/21/2017 7:17:15 PM

Friday, April 21, 2017 7:17:15 PM

Post# of 1925
I never advocate people going on margin. However, I may be doing more of it next week as I'm seeing a possibility of a large drop designed to scare the crap out of us. A fall back to $8.50 would be the likely scenario and I'll be in line on margin.

All I can say is watch the trading patterns as they develop and keep in mind that no pattern is going to be your friend. What you see Monday at 9 am may be a teaser followed by a plunge a couple of hours later. I'll do my best to cover trades and report my impressions as they develop.

This is where pete807 and I can be of real help and I know we can count on him unless he's fishing & away from Internet service.

We need to watch for setups that are determined to control ALDW's market. These usually require two or three hours to develop, so we want to be mindful in order to fly above the storm. Large swings tell us games are afoot unless accompanied by strong news.

We can help one another thru networking. I find it extremely gratifying, being able to offer help. I know others here who feel much the same.