Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

Sold SURG today... didn't hit the top, but got a 21% gain. I have ZERO clue as to why it is rallying the past two days. Whatever the reason, I took my profits. (Thanks for the training, Nick). I saw you got multiple 2-digit gains on $50-$60 stocks today... nice going!

On the "watching paint dry" comment, if you can just stare at this video, the guy finally gives a summation in understandable English. What is so hard to grasp is the levels that he says "if they breach this line, it is a strong signal to go short".

If you are watching the market go down, then this line (after already dropping to it) gives a signal that momentum on the downside will result??? My first question is "how do you know it won't turn around & bite you?"