Tuesday, February 2, 2010

SO FAR JUST A BOUNCE

Sorry for the slacker posts today but on the road. 50DMA at 1113 on SnP should get a test next couple of days. Beyond that no visibility....only random thots. One thing to keep in mind is that in spite of the shape of our economy it does NOT benefit GS to tank this market here. Will this be our pullback .....I don't know. But I want to watch 1113 then next area 1120.....then upwards and onwards....no movements will be simple this year but play the extremes if you are nervous. As red said watch the 200dma and the 50dma.

GDX is a great chart to follow on stockcharts.com. Also $SPX on same. Review these and play the trends. I like several of the EWRs for charts ...especially Daneric.

Will get some links today but GL. AUY is oversold but can get worse have a position in it.

6 comments:

  1. Don't you mean 1113 and 1120?

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  2. You're seeing all upside from here Kli?

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  3. good run on XRA 15% up from its Monday lows. booked it and now short.

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  4. Thanks, I'll go check those EW charts;;;

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  5. Anon, I gots a ZZ wave and she's one big honkin white candle to 1120 in the mornin. I gots another one goin round the neighborhood of 1020 in an abc corrective. Just average the two of those suckers and y'all get that there 1070 so thar she be.

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  6. Who'un put that thar sheep picture on de blog? He look like me pappy.

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