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Now that JRMFL is gone........
Or you might wanna consider joining his site... that he posted. Or follow both...
Manana
Will be limiting my posting to.....
Questions only in "I Hub ". If you have one just ask....
Ill keep some " live" posting going over in Topica, untill we find a new site, then gear up again.
My days are getting to damn busy and the nights getting to filled with family stuff.
I suggest all moving back to Topica for now, untill we find a new palce.
Manana
Didnt say I wasnt bullish on it.
I still have long term positions, as I have posted. What I did say and posted yesterday was it has pulled back here. For instance HUI is sitting 50 day ma and around that 120 level.
It is a pivot point, to build a bounce from or tank, will depend on if stock market rallies oir tanks.
Just play the break. I have to wait for it to either break that 120 leval or start to build higher to make a move now.
But I still have long term gold positions, as Jr does. We still have some from last July" sell off, when I asked everyone to buy.
But in the trading account, im waiting for the break.
Just waiting for the next move, in the trading account.
Have gains in hand from the trading account on Gold from that last run and large gains from the small gold core positions still from July.
Waiting for the next " tradable move in that index".
Manana
Rip.......................
My comment was " we talked about this stocks months ago ".
This was back in Topica, I said it was a stock to watch for.
If you kept track of it, you would have noticed the stcok since I mentioned it, put in a double bottom, monthly, then formed the handle.
It turned out to be a stock to be aware of. Back in July I think I mentioned in Topica.
Find the stocks, wait for the patterns to form.
I alert, you choose to track or not.
Manana
Ants in my pants......
I have talked for years about handles. You wait, you be patient, then you get more patient and wait and wait for it to break either way then go with the break.... wait some more.
A handle is a pattern and I see hundreds of them out ther everyday.
We talked about ANT the stock months ago.
Put in a double bottom..... monthly.
That alone was a pattern as it started to bounce from 19 to 24 of late.
It formed a 9 day handle of late from 23.5 to 25 area.
Guess what happened as it broke the handle on volume at that 25 area?
Last 3 days.
El Ka BOOOOOOM OHHHHHH
I dont care what the stock is just give me one of the 10 or so patterns I look for, the handle is a big one.
Mananahandle
Sold the last 1/4 of the long swing today...., posted from yesterday.
Pull that post up for list of sectors and indexes.
Manana
But remember, HUI and XAU..
Still support right here on the 50 and 200 day ma.
Pivot trigger on HUI was 130, as it broke that you see how fast it dropped to 120. Now you are at another pivot point... 120 HUI and the 50 day ma.
XAU or HUI fails much more, play ther break to 110 on HUI. However if it hoplds right here, it is a point to build a bounce off of.
Why predict it, just play the break as we have for so long now. A good example was what I said to do if HUIO broke 130 and here we are.
Now play the next break.
But remember HOOV.
Im just a south of the border wetback, looking for some free paper to put a chart on.
Have you got a pen?
Manana
Hoov.
I stopped trying to predict, about 3 months ago.
I play the charts 100% through technicals. I cant tell you if we are going higher or if we are going to fail short term although
I know what is going to happen long term.
But the charts, have led us for 2 years now, they will do it again.
Technicals are generally the same in most books. I see the same charts you do.
Play the break, or anticipate the tops and bottoms.
Manana
Ill be rakin leaves... HOOV..
LOL
So now Hoov.....
The sell signal was HUI 130, to exit.
Today it is breaking the 50 day ma.
Expect 110 area to be tested for starters.
Yes go back and check Hoover, I put a sell on Gold about 15 days ago or so as it went into a trading range... HUI., at least that was the day I exited my last large long swing and posted.
I said gold will consolidate here, if HUI breaks 130 anyone should get out, short term.I day traded Gold one time since then and exited.
I have kept some small core golds, as I have always mentioned.
But if you go back about 15 days you will see where I exited a large long swing in gold from that last push up.
I handed the baton to Saik and JRMFL, I said Im out of long golds here in the trading account, short term. I will wait for the next break.... So I did.
Here we are.
It broke 130..... HUI was your signal
You miss that call?
Manana
Sure Kane,
My pleasure..
Manana
Was fun JR.
Be in touch, Ive got to exit for a while as well.
I have some FALL duties that will keep me from posting so much.
Talk to you in e mail..
Manana
Yes, Richard no big deal.
We all know in time that will happen.
I think he must read our notes.
But my bias now is clearly, higher into this technical play I was talking about starting last Friday. No doubt I was several days early, but it worked out.
Also, higher because of the manipulation window dressing deal that most traders know about who follow this crap.
Put the 2 together ( technicals with the manipulation window dressing which was on every radio station in the country this afternoon) and I think these basterds will get it higher.
If your not following " Phils Gangs " calls which are basically free and you are an an inexperienced trader, you are missing out on some huge profits, both ways.
Manana
We break highs, manana I will add back the 75% of the trade I sold, having kept a 1/4.
We start to fail I will sell the last 1/4 and first look for a pullback buy re entry point. If that trendline breaks, I will look to short again.
Same sectors I have posted.... the large short call from 2 weeks ago as well as ( if long ) the ones I posted today.
Play the break will be in play for several days now.
Manana
Dollar...
Looking at the one year chart there, it formed a reverse head and shoulders in July to August, moved higher and has been in consolidation now for 1.5 months after forming the inverse H and S pattern.
Classic stuff this 1.5 month consolidation... " handle ".
Technically over that period, after formong the inverse H and S pattern, for the last 1.5 months it has an ascending triangle going into resistance, with higher lows, which keeps hitting resistance.
Taking the emotion out of it and looking at the chart, forgetting the fundamentals which says the dollar should tank..... it is a bullish pattern.
You got me, I just read the charts, maybe a break out is in order here for the Dollar before it tanks again.
Manana
You probably didnt notice......
In all the excitement... what some of these " REITS " did today.
There were only a couple of weak sectors today, REITS were one.
Check these charts on NFI,KRT,ADC.
There are hundreds of REITS out there, these are just 3.
See em rolling over?
Stick with manana....
LOL
1:30 Eastern.. take another 1/4 profits.
Nice little rally, today.
Im taking about 1/2 the profits from Fri, Mon, Tues and the new trades this A.M. entry from Software, Semis, QQQ, Regional Banks, Restraunts, Food, Biotechs, Retail, Mediacl Parts.
Manana
Moment off truth here for the markets at 1:49.
We consolidate and move higher right here, for a real short squeeze into the close
OR:
Markets , tries to retest lows in " dramatic style " and crush the crap out of all my profits...
bbiab....
Manana
Problem solved.....
LOL
Problem....
Right now is the financials...
No squeeze in the cards, if those cant get going..
All else is primed and I prepared you all for how they were going into the SOX and Biotechs yestrerday.
Those 2 sectors are leading today, a nice signal from yesterday, but without the financilas, these marlets today will not get too far.
So no blast off without the NF>X taking off.
All eyes on it now...
Problem....
Right now is the financials...
No squeeze in the cards, if those cant get going..
All else is primed and I prepared you all for how they were going into the SOX and Biotechs yestrerday.
Those 2 sectors are leading today, a nice signal from yesterday, but without the financilas, these marlets today will not get too far.
So no blast off without the NF>X taking off.
All eyes on it now...
HUI pullback, as expected.......
So far as long as this, slow painful... toe nail by toe nail market bounce moves..
HUI 130 resistance now.
Manana
Nice JR......
Im still long the swings posted, no changes here.
Thinking short squeeze coming this afternoon, general markets.
Im playing it that way anyway.
Will cut bait if we fail, add more long if we move higher.
Manana
Nice one JR,
Thx
Now John, that would.............................
Take all the fun out of getting upside down on trades, making stupid decisions and predicting, wouldnt it?
Manana
Exactly JR.
The SOB holds and bounces at the lows or maybe on a large days sell off, it spikes down slightly below the lows say by a hundred points, the VIX spikes up and then it bounces back causing some sort of a bear market bounce.
Or it doesnt. If it doesnt hold... this thing is hoing to come unglued. Your waterfall will happen.
But Im thinking we need some sort of an intermidiaate bounce here, get a bit higher, before the CRAP really hits the fan... few weeks from now, to really blow out those lows.
Manana
Gold here is the deal....
Besides what I said about it waiting on the dollar and the dow to lose lows or hold.....
Spot gold has huge 5 year resitance here from 320 to 340.
Check the charts, go back 10 years.
So over 340 this thing is going to ERPUT.
For now if the DOW and markets hold for a bounce, Gold will pull back here.
Gold is just waiting for the trigger to pullback or break out. The DOW breaking those old lows may do it. It holds those old lows and bounces expect Gold to pull back.
JR. What do think of this damn......MNG?
Manana
Air let out, for the afternoon.
DOW and those old lows, are just a " whisper" away now.
XAU held up very nice...
Manana
Manana pulls out glasses for CHOD.
I pulled out my 100X microscope to see this chart, cant see it, does it have one?
Manana
For now I see these basterds...
I can see em selling many of those old noj tech bull sectors today, they are crashing supports and they are sneaking into the SOX.
Basterds cant fool Manana
See how they selling offLIZ,AET,WLP,CI,ACL,USPH,Utilites,Airlines,PPG,IR,PG,GCI,HOV,BJS et...
See those Basterds selling.... See the SOX ramping for now.
I see you basterds, I know what you are doing....
Manana
Here is what im thinking.
Untill, 7532 ( DOW)is taken out with power and the Dollar fails... short term I think gold is stuck. It should have ripped once it got over 325 and didnt.... Now it is trying to make a 6 month double or triple top, instead of taking it out.
I think if the DOW fails those old lows Gold will rip, but untill then and if it holds and the dollar wont fail, it is stuck.
Is why I exited those small day trades in Gold, several weeks ago and some yesterday. Still have the core I have mentioned.
I gave the " Baton" to saikman and JRMFL on that weeks ago, when
I exited that last large swing. I hope the damn gold index explodes for you guys, but untill it breaks out with force Im on the side lines.
Is why I started getting long the market last Friday, Im expecting a manipulation rally here in the markets at old DOW lows.
If Im wrong on both Ill reverse, untill DOW old lows are smasshed Im in. Untill gold smashes out of those 6 month prices. Im out.
Right now this market is having more train wrecks everyday, more than a west bound trach into an east bound track. Dangerous either way... short or long.
See what happens, my predicting power, needs new batteries.
Out of Energizers... Manana
LOL JR,
True... so true...
ROFL
CNBC just posted an E Mail from " Dave " in Denver.
It looked like Go broncos, writing... LOL
Was that you Dave?
LOL
Airlines, from last weeks call.
You see these airlines charts?
Pull up AMR, they all look about the same.
Manana
Today im seeing more rotation out of more of those old bull sectors, back into Regional Banks and the Techs SOX and Biotechs.
Clear daily rotation and wierd but it is happening so far.
See what the Fed does here.
Manana
Be careful.? hell, Im just trying to get back to even...
Then exit....
Lol