four 5,087 posts msg #116915 - Ignore four |
11/21/2013 12:23:22 AM
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johnpaulca 12,036 posts msg #116916 - Ignore johnpaulca |
11/21/2013 12:32:40 AM
What Time frame?
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four 5,087 posts msg #116918 - Ignore four modified |
11/21/2013 12:53:55 AM
I noticed the pattern...
but I won't be trading it... thought someone might benefit from my observation
Time frame is an I don't know answer (chart is daily). We do come back to my lack of a specific statement. I do not seem to trade a plan like you guys.
I do wonder what others may plan for a trade.
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Eman93 4,750 posts msg #116919 - Ignore Eman93 |
11/21/2013 1:13:02 AM
I am short bonds via TBF but TLT could make a bounce tomorrow. nearing support at 102.11.
If the market sells off more..bonds prob get a bounce, as people head for safety.
If you are the Fed you want to unwind the bubble created in stocks...but don't want the interest rates to spike as you "tapper".. you need to create a demand for bonds, how? start a controlled sell off in stocks, just like we have seen in the past few weeks.. a quick crash would not suit their interest. we have seen a dip then a fill, a lower dip then a rally... the dollar is trying to move higher also.. this will cause more foreign demand for US bonds and dollars.
The good thing about the chart you posted is you have a nice point to trade from.. a place to control your risk..if it breaks down you can just short it.
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four 5,087 posts msg #116922 - Ignore four modified |
11/21/2013 1:41:49 AM
http://seekingalpha.com/article/1847112-etfs-that-act-like-bonds-not-ugh-bond-funds?source=yahoo
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Eman93 , thanks for the comment
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Eman93 4,750 posts msg #116923 - Ignore Eman93 |
11/21/2013 1:44:27 AM
Look at DUST it broke out today with volume..
It will be a tough to get a good entry.. it most likely will gap way up in the am..
The best would be a quick gap fill right out of the open... I will look to buy around Wed high or Wed close.
Over 43.60 is a buy also... IMHO
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four 5,087 posts msg #116926 - Ignore four |
11/21/2013 2:37:54 AM
Eman93,
read this opinion...
http://www.safehaven.com/article/31866/the-greatest-opportunity-in-30-years
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Eman93 4,750 posts msg #116954 - Ignore Eman93 |
11/21/2013 10:33:35 PM
Yes I agree but it is smart to buy at support and limit risk
Who wants to have all their cash tied up in a loser on the hope some day it will pay off. I think you need to figure out how to limit your risk either by options, (hedging) shorting or stop loss.
Gold is no where near its all time lows... stocks on the other hand are at their highs.
I think this article shows something is out of whack.. either stocks are priced to high or gold is?
They are on divergent paths at the moment, Gold is dropping due to recent strength in the dollar. This will continue to be the case until it is not..with the FED pulling back on QE this will boost the dollar and interest rates, the other currencies are weak.
Japan is committed to devaluing, the Euro is a mess.. so the dollar rules. I think stocks will start the fell the pressure of a rising dollar and interest rates before people flock to gold as a safe haven.
This is not ruling out inflation in the US but that could take years to show up. the only place we have inflation is in stocks.. IMHO
The Gold price is manipulated, you can naked short it with impunity.. something like 20x the paper than what exists in physical.
http://stockcharts.com/public/1424685/chartbook/239135770;
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Eman93 4,750 posts msg #116955 - Ignore Eman93 |
11/21/2013 10:51:55 PM
GLD is in a bearish down trend.
http://futures.tradingcharts.com/chart/GD/M
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johnpaulca 12,036 posts msg #116957 - Ignore johnpaulca |
11/22/2013 12:13:24 AM
GLD....has monthly support at ema100, weekly has room for another $2 drop, 90-min could pop anytime now seeing the dollah sitting in an extreme overbought area.... picked up a small position today looking for a small pop, may be too little early...will see.
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