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GDX dipped this morning and

Posted by frtaylor on 13th of Sep 2011 at 11:12 am

GDX dipped this morning and is now coming up to retest the triple top resistance area.  With my 60 min GDX:GLD ratio trendline having been broken and the Renko chart going on a sell, I am flat.  Considering shorting right about here w/a tight stop over yesterday's high.  Matt, any thoughts?

Thanks for keeping me on

PANL update

Posted by frtaylor on 13th of Sep 2011 at 11:08 am

Thanks for keeping me on track!  I had to take my mother in law on an errand, saw your note upon return, and sold at 56.   Money mouth

BPT Modified Hull still red

Posted by frtaylor on 13th of Sep 2011 at 08:52 am

The BPT hull is still red, keeping me "cautious" as Steve would say.

Thanks for the update! FRT

SPY system comments

Posted by frtaylor on 12th of Sep 2011 at 01:38 pm

Thanks for the update!

FRT

The MACD on my chart

SPX 60

Posted by frtaylor on 12th of Sep 2011 at 01:28 pm

The MACD on my chart is just now beginning to cross.  Still a little too close to call, sometimes it will turn back up if price moves up.

Not sure about that wave

Dollar...

Posted by frtaylor on 10th of Sep 2011 at 11:25 am

Not sure about that wave count - wave 4 shouldn't overlap wave 1 if it's 5-wave structure, right?

Oh, I am so sorry!

would post in off topic...

Posted by frtaylor on 9th of Sep 2011 at 03:05 pm

Oh, I am so sorry!  Well, maybe we'll get more posts from you now  Smile

I got a piece between

ACHN

Posted by frtaylor on 8th of Sep 2011 at 02:02 pm

I got a piece between 6.35 and 6.80.

thanks, didn't see that.

NG now down 6%, but

Posted by frtaylor on 8th of Sep 2011 at 01:03 pm

NG now down 6%, but I don't see any news.  Heavy volume.

thx Matt!

GDX comments

Posted by frtaylor on 8th of Sep 2011 at 11:28 am

thx Matt!

VGR taking its merry time....

Posted by frtaylor on 8th of Sep 2011 at 10:20 am

VGR taking its merry time....

Looks like a good opportunity

Posted by frtaylor on 8th of Sep 2011 at 10:12 am

Looks like a good opportunity to short gold here.  Tight stop overhead on GLD at 181.00.  Thoughts?

A market pullback would be

Trade Ideas

Posted by frtaylor on 7th of Sep 2011 at 09:58 pm

A market pullback would be good.  PCX jumped hard and quick this morning, I couldn't pull the trigger for fear it would retreat as soon as I bought it!

SPY MACD histogram went positive

Posted by frtaylor on 7th of Sep 2011 at 03:07 pm

Matt, your 25/170/25 MACD histogram for SPY went positive at 2 p.m.  I would love to hear your take on where we might go from here.  Seems like it's a little late to the party this time, no?

VGR having a retest?

Posted by frtaylor on 7th of Sep 2011 at 12:23 pm

I hope so, since I bought the break....

I think you meant GDX

GDX Hourly Head /Shoulders?

Posted by frtaylor on 7th of Sep 2011 at 09:17 am

I think you meant GDX 62.80?

Thanks!

Matt or Steve: PCX thoughts?

Posted by frtaylor on 7th of Sep 2011 at 09:00 am

Thanks!

Matt or Steve: PCX thoughts?

Posted by frtaylor on 7th of Sep 2011 at 08:51 am

PCX came down over 50%, made a divergent low, Friday put in a long-legged doji and began moving up yesterday.  Seems like a good possible trade, yes?

Thanks,
FRT

Bullish hammer being put in

Posted by frtaylor on 6th of Sep 2011 at 03:58 pm

Bullish hammer being put in for today on S&P.

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