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I use DGP, which is “technical”, to monitor gold. But one can play GLD options or miners.
This morning DGP signaled a good opportunistic entry point …as cheap as one could buy it: the reversal UP was imminent after a confusing Fed report.
For the next few days, the US$ is the wild card. I think that gold will continue its re-monetization process, even if a worthless $ will go up for a while. DGP should move to the 33 area.
I don’t think so. Sep might be a down month…I would reenter longs in Oct, pre-election.
That we do not know yet. It is function of time decay, VIX value and intrinsic volatility of the equity: all at the time when you sell.
227 this week.
I think it’s risky to keep them too long because GOOG is coiling at high altitude and out of the money Aug options will decay fast.
Interesting...Ok, I am ready for it.
Sounds like a good idea @0.80.
Yes…also HMIN: earnings tomorrow after the bell.
They both have a bearish wedge but the market treats them differently.
Nice play, Langy! Congrats!
Empirical Mode Decomposition is a recent Survey Indicator proposed by Ehlers in Mar 2010, in “T. A. of Stocks and Commodities“. It has been adapted to the Trade Station language and I modified it according to some of my back testing.
Above the blue line = trend UP
Under the yellow line = trend DOWN
Between the 2 lines = stock is in “cycling mode”
…………but in reality one can find more subtle interpretations of it, like the crossing of lines, together with other indicators.
Some people try now to use the ”Huang Decomposition Math” to build something even better and make it broadly available. If I get more news, I’ll let you know…
JJG looks bullish again...Bullish for Grains and other agro-stocks.
My calculated JJG target is now = 44.3
MOT today:
“According to several reports, Motorola(MOT) will be releasing the Droid 2 within the next few weeks. The new device will cost $599, or $199 with a 2-year contract.
Rumors are also swirling that Motorola plans to produce a tablet computer on Google's(GOOG) Android software that would challenge the Apple(AAPL) iPad.”
-Theresa McCabe, The Street.com
Out of GOOG calls at the top ! That was a risky one since I had increased my position significantly on Friday….
PCLN: I decided to wait little bit since my target was 307...as a Fib harmonic extension of the RAMPO starting with the July 09 low, which works with other high beta stocks. But you guys might be right to be short already for 2 reasons:
1). a post-gap vertigo might hit this stock, and
2). Langy’s excellent observation: Friday on close, as THEY were pushing the market up together with other volatile stocks, PCLN started to slide.
Also, notice on this chart something very interesting and quite rare a “triple bottom”. Gann was commenting about this formation: “…when it happens, it's very strong!” Indeed…from this stock one should expect the unexpected.
PCLN is close to my calculated top of this move
No...557 is unlikely but possible.
If GOOG crosses 504, it can go to 523 in 3-4 days.
Yeah, let’s hope that the close today will bring some clarity.
a = b and a + b
SEED Sep 10 calls @ $0.40. First target for seed = 10.25
Chart available upon request.
GOOG Aug 520 calls @ 2.80
NFLX advancing one more notch.
No, you are “diversified”.
Believe it or not: AIG is in a confirmed uptrend with 3 profitable recent “buy the dip signals” while AAPL is in a “sliding downtrend” !!!
Exactly Langy...that's how a "rounded top" gets formed.