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Post by theMist on Jan 1, 2017 20:16:20 GMT -5
Natural GAS (UNG) Daily Chart. Natural Gas is Counter-trending back up. Coincidence?! I don't think so. It left a BREAKAWAY GAP back in October 2015. It's taking over a year to reverse and counter-trend back up. Should fill the BREAKAWAY GAP. Unlike Volatility, Breakaway Gaps in stocks, indices, can take a very long time to fill.  |
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Post by theMist on Jan 1, 2017 20:23:20 GMT -5
NVDA Daily Chart showing BREAKAWAY GAP  |
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Post by theMist on Jan 1, 2017 20:43:28 GMT -5
S&P500 2-Day Chart showing BREAKWAY GAP, iH&S. If you use Bulkowski's model for Price target, the iH&S price target measures S&P 2333.74. His targets tend to be more conservative. Math: 2111-1810=301 X 74% = 222.74 + 2111 equals iH&S target of S&P 2333.74. See thepatternsite.com/hsb.html |
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Post by novie08 on Jan 1, 2017 22:57:59 GMT -5
Gosh, I sure appreciate your specificity. I can't enlarge your charts, so on the S&P one, was that gap down filled in Feb.2014? It looks like it may have been but I cannot tell.
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Post by theMist on Jan 2, 2017 0:06:07 GMT -5
Wasn't filled in Feb. 2014. Low in Feb was 1737.92
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Post by novie08 on Jan 2, 2017 9:58:11 GMT -5
Are you short NVDA yet? Looks like a fantastic op to fall over $30.
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Post by theMist on Jan 2, 2017 13:20:38 GMT -5
I only play the VIX scams (mostly short). Its the closest thing to 100% Guarantee. IMO I really don't waste my time anymore with stocks (long or short). They are too easily manipulated and I've seen patterns BUST more often because of stock manipulation (i.e. Analysts buy/sell recommendations, News, and other BS). But if I did, I would be shorting NVDA with a STOP in the 112 area.  |
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Post by jacksrbtr on Jan 2, 2017 13:36:38 GMT -5
I only play the VIX scams (mostly short). Its the closest thing to 100% Guarantee. IMO I really don't waste my time anymore with stocks (long or short). They are too easily manipulated and I've seen patterns BUST more often because of stock manipulation (i.e. Analysts buy/sell recommendations, News, and other BS). But if I did, I would be shorting NVDA with a STOP in the 112 area. Somehow that sounds like a Dos Equis beer commercial!!!  |
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Post by theMist on Jan 2, 2017 13:38:34 GMT -5
When it comes to the VIX SCAMs...
Stay short my friends!
lol
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