Dear Readers limits for today: QQQQ 42.77 - 43.25 break 42.66 and 42.50 42.25 is looking at us, So far held on a 5 min chart closing basis 12:39 PM ET. GLD 64.11 - 64.97 USO 49.40 - 49.84 GG 24.54 - 25.10 GOod Trading
Dear Aaaaaaum, the 89.72 - 40.44 are the yearly limits for this stock. This does tells me that we are not close to any "known" turning points. So, I would have to approach it only from the general market direction point of view and if my forecast of down move into the end of month is correct... You make the decision. Thanks and Good Trading Dear Aaaaaaum.
Bought a substantial amount of GG this morning at 24. What a gift! I am waiting to load up more if it dips down to 22.5. Wow! Who could have thought that GG would dip down to this level when it was trading at 27-29. Good Trading!
Dear Rent, I though we would lower by Mar 12-19. Posted that message many times. We knew my dear Rent. Our readers should have. Perhaps not the exact levels , but the timerframes for sure. Good Trading Dear Rent, Enjoy, this should pay off by the 28 or March.
I'm short on home builders and wondering if it can go to zero like the subprimes.. i.e. NEW & LEND (not there yet).
Yes, gold is going to do very well in the future. More money will be spent\print to finance US wars in Middle East and to attack Venezuela. Don't be surprise if you start hearing stories in corporate news about a link between Venezuela and terrorist groups or involved in terrorist activities.
Dear Rent, Thanks. I agree with your bearish stand on home builders. I would just make sure not to overstay the short position in these. I see now an , almost in the pocket, 3-5% decline with builder as the general market also declines. Timing wise end of March/Early April maybe the timeframe when you want to collect your well deseved profits. Good Trading Dear Rent.
Hi Boris how are you? the equity indecies are moving towards thier 200MVA , any thoughts on this please. do u have any recom on the Brit Pound. i wish u good trading. Sam
Dear Danno, Good To hear from you and please excuse me for being late with the answer. Yes 635 could be the target, it will most likely hold, nothing guaranteed. the nightmare should be over for gold by 3/18 +- 2 days. Please be careful and have a good trading.
10 comments:
Hi Boris, How do MGM June $65 Puts look for $3.30?
Dear Aaaaaaum, the 89.72 - 40.44 are the yearly limits for this stock. This does tells me that we are not close to any "known" turning points. So, I would have to approach it only from the general market direction point of view and if my forecast of down move into the end of month is correct... You make the decision.
Thanks and Good Trading Dear Aaaaaaum.
Boris,
Bought a substantial amount of GG this morning at 24. What a gift! I am waiting to load up more if it dips down to 22.5. Wow! Who could have thought that GG would dip down to this level when it was trading at 27-29. Good Trading!
Dear Rent, I though we would lower by Mar 12-19. Posted that message many times. We knew my dear Rent.
Our readers should have. Perhaps not the exact levels , but the timerframes for sure.
Good Trading Dear Rent, Enjoy, this should pay off by the 28 or March.
Boris,
Your timing is awesome! Scaryy!!!
I'm short on home builders and wondering if it can go to zero like the subprimes.. i.e. NEW & LEND (not there yet).
Yes, gold is going to do very well in the future. More money will be spent\print to finance US wars in Middle East and to attack Venezuela. Don't be surprise if you start hearing stories in corporate news about a link between Venezuela and terrorist groups or involved in terrorist activities.
Dear Rent, Thanks. I agree with your bearish stand on home builders. I would just make sure not to overstay the short position in these. I see now an , almost in the pocket, 3-5% decline with builder as the general market also declines. Timing wise end of March/Early April maybe the timeframe when you want to collect your well deseved profits. Good Trading Dear Rent.
Hi Boris how are you? the equity indecies are moving towards thier 200MVA , any thoughts on this please. do u have any recom on the Brit Pound. i wish u good trading.
Sam
Hello Boris.
Do you still hold to your $635 approx. downside target for GOLD? Do you think the Mar. 5 low will hold??
btw....stop showing off so much with the turn dates. LOL
Danno
Dear Sam, we spoke, have a good night. GBP can crash to 187 if it break 191.73 down.
Good Trading
Dear Danno,
Good To hear from you and please excuse me for being late with the answer. Yes 635 could be the target, it will most likely hold, nothing guaranteed. the nightmare should be over for gold by 3/18 +- 2 days.
Please be careful and have a good trading.
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