Info@EliteSwingTraders.Com
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Congrats my friend, looks like you did well on UGAZ.
Depcom, do you remember my trade my 10 baggar SUTI?
I've got to give that guy credit that posted on ECDP. That's the way to do it IMO. All you do is post the ticker, that's it. I know I was curious. If you give me the hard sell I don't want shit to do with it but just the ticker, yep I looked.
So anyway this is a good ticker to talk about why a play goes from .0001 to .17.
Anyone want to take a guess?
LOL, very funny.....
"Looking good Billy Ray, Feeling good Louise"
USD Triangle Failed.
I had originally charted the USD being in a 4th wave triangle which looked similar to the previous 4WT I've annotated on this chart. With the break 96, then it opens the door to the 92-94 region for the target for the c-wave of wave (4) which I believe I've mentioned a few times before. Many are still trying to short the dollar here and IMO the risk reward is no longer in the traders favor on the short side.
1. Even though the triangle failed it changes nothing, it's still a 4th wave but instead of a triangle it's an a-b-c with a slightly lower ending point. 4th waves are notorious for retracing to the 4th wave of the next higher/lower degree which is what we're seeing here. Usually that 4th wave will contain the retrace and if it does exceed the price bracket it's not by much.
2. So when I say it changes nothing I mean regardless of the 4th wave structure it's still only a 4th wave and we still have a 5th wave higher to come.
3. IMO the US Dollar likely has a date with the 103.50 region before we can even consider a top of any significance in place.
4. Even after the next 5th wave tops the Dollar still has two more 4-5 wave series before this set is complete.
I like this you too, thanks for the heads up.
First target for BAA is .304
Tomorrow is going to be a huge day if things go like I think they will.
Oil is without question running on fumes. DWTI is in play and I will give you guys plenty of time to make an entry if that's what you're planning.
GDX is ready for a moon launch tomorrow so I'm guessing just about all the miners will benifit.
Guidance?
UVXY and TVIX both worked well this go around. Going to have several more opportunities before the next major correction.
What happened with SYNC earnings? I see the headlines but was wondering if there's something I'm missing. The reason I'm asking is because I do believe this chart is saying higher regardless what earnings said. Could be another PR with "unexpected" news but seriously the chart is set up for a major move higher and soon?
I get to work tomorrow and looking forward to it, I'll be on around 6AM
I've been watching all three since you first brought up and IMO, over a longer time frame I believe that all three need OML before being ready for the next leg higher. As far as short term I really haven't looked at them close enough to give any type of meaningful opinion but again longer time I do think lower before higher so I'd at least consider that when making shorter term decisions.
With IBB ready to make that move it would be nice if you could post a few pharma you think would be worth watching, thanks.
I'll take some if I can get in between 67 and 64. Have to make my final appointment, hoping to be done today. I'll check back in as soon as I can. Congrats to all the Nat Gas players, it's not done IMO so I'll keep you updated, also very interested in DWTI in the near future.
FREE on watch.
ASTI on watch.
CL Target is $61.15
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=113248735
Of course, this is one we don't want to miss IMO. CL could head down closer to $30 from the high.
I've been saying $60 for oil for the longest and we may see it today, the play is in DWTI IMO>
It's fractal in nature and the same over all time frames. Wave 3 is the only wave I really put any effort into counting smaller waves but it's the same for all of them. I wouldn't get too caught up in counting micro waves because it is very very difficult to do with any confidence. It took me months just to get the hang of counting on the 1 hour chart. However once you get it to work out for you it can be very rewarding if you just trust what you see.
Looking for an entry between .67 and .64 if .69 breaks.
Hearing buzz on TTNP as well, going to have to take a closer look. You have any idea of the june date?
Buying wave 2/2b is the plan.
As a matter of fact this may only be the 4th of wave 3 so we could still have a high in 3 and 5 before the wave 2 pullback.
Very nice KI, and you're right about the 4th wave but I don't it'll go that low. Love hearing about 3rd and 4th waves, makes my think I'm doing some good around here, at least a little bit anyway, congrats of the play
Let me give you a pointer, 4th waves usually retrace between 23 and 38% from the bottom of wave 2, if it reaches 50% it usually means the prior wave is complete and it's a wave 2 not a wave 4. Good Luck.
Haven't checked it out yet.