ProShares Ultra Silver (AGQ)

[xero90]

57 ish giff, wow

[Soul Washer]

you don't say. LOL! I know this ain't a penny scam..lol!

[xero90]

I'm leaning towards 65 giff

[zsvq1p]

Could go to $57.66 again but gut says no...

So Entered again today and will avg down should we go that way.. Pretty sure we hit get back to 65...

We'll see..

[xero90]

maybe bounced off of 20 sma

[zsvq1p]

Hummm??? 70.41

any thoughts??

[zsvq1p]

Out at $74.23

I put an order to buy in at I think that gap will fill at $72.51 so perhaps jump back in.. Nice ride up!

[zsvq1p]

quick link chart
Chart

[zsvq1p]

decision time..

[zsvq1p]

I guess it had to fill that gap from the other day...

Can you do me a favor and post a linkable chart in the intro section? Then I can just on click it.. lol..

I am hang'n tough.. but looks like we lost some legs..

[zsvq1p]

$73 would have been nice... Need to get above this line now...

[xero90]

I think we are going to see 73 today

[xero90]

might be a boring day today

[zsvq1p]

It has moved +$20 many times before...$76 would put us there..
last July it moved from $60 to $106!

[xero90]

got u, there she goes!!!! starting

[zsvq1p]

I am thinking about a trailing stop loss at 73.21

Maybe at $2

[xero90]

almost

[xero90]

giff, do you think weak hands are profit taking some, bailing because of Iraq fears (like this is going to end well, ha) into stronger hands?

[xero90]

oh and a doji on the daily chart too, so far

[xero90]

Good eye. Yes, and just this past hour it 'almost' broke the resistance line of the flag formation. Maybe one more attempt.

[zsvq1p]

I think that $73.21 gap is going to fill... So I did not sell yet.. We shall see..

[xero90]

giff, check out the hourly spot chart, it is in a flag formation. what it does from here is anyone's guess.

[xero90]

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=103486770

4) my weekly momentum gauge is pointed straight up, and remains quite a distance from an overbought reading, suggesting that the current upleg could have considerably more upside prior to registering upside exhaustion.

[xero90]

giff, only take a small one off the table or let her ride, lol.

This can still pop big time IMHO.

[zsvq1p]

OK hit that top now line now.. So often I have gotten out only to see it pop.. to big highs.. Hummm...

[xero90]

IMHO yes, sure be might have a bump here or there, but this is not finished by a long shot

[zsvq1p]

Nice gap up today... I wonder if this can now continue?

[xero90]

finally

[zsvq1p]

No go fill some gaps.. Onward to 70!!

[xero90]

60 resistance, if this can break beyond that, that's good.

[xero90]

Feels like, smells like bottom.

[Montanore]

Hmmmm....maybe sometime in July!

[xero90]

It's now June.... :)

[Montanore]

I see gold and silver bottoming sometime in June. This has really gotten ridiculous.

[xero90]

below 1265 for gold, ouch

[xero90]

don't let the 200 sma get to far away for you if you know what I mean.

[zsvq1p]

OK.. will do..

[xero90]

reload time IMHO

[Captainandy]

$AGQ The time has come ...Listen to Peter Schiff...:-]

[xero90]

200sma test soon, if it goes over, that's awesome

[zsvq1p]

I bet we would fill that lower gap so I sold but today this might pop pretty good. Time will tell.

[xero90]

gold is back in a possible bull run... 1350 could be a turning point (only time will tell)

[zsvq1p]

Too bad I did not wait to sell this one.. Looking real good to hit the next upward gaps.

[xero90]

so far, looks ok IMHO

[zsvq1p]

Well, I did not short AGQ and now on the right side of this trade...

But did take a 2.5% profit and will reload when that gap fills.

[xero90]

if we see a close below that line, short this beast IMHO

[zsvq1p]

Changed the look of the chart..

I guess we hit $70 before the next knock down?

[zsvq1p]

1:4 Split market open on January 24, 2014....

Why has ProShares decided to split and reverse split the shares of these funds?

ProShares believes it is in our shareholders’ best interests to execute these splits and reverse splits to keep the share prices within efficient trading ranges, and seek to avoid share prices being too high or too low.

Splits help reset share prices to a range that helps maintain liquidity, especially if the price gets too expensive relative to other choices in the marketplace.

Reverse splits, in turn, may help reduce bid-ask spreads. For funds with a lower share price, bid-ask spreads represent a higher percentage of the transaction price than for higher-priced funds, which can increase both costs and volatility—even when the spread is higher. ProShares believes the reverse splits will adjust the share prices to a more cost-effective level for the Funds' shareholders, and therefore it is in our shareholders' best interest to do so.

[zsvq1p]

Gap to fill? My bet is it will...

[golf4uto]

crazy price action for sure. PM with email if you care to. good luck.