Looks like it is skimming along the line of the moving average so I am not worried, I am going to continue to hold. below is a image of the chart I am watching:
You can see that the chart today has very little volititily and is bouncing around on top of the moving average, which is the red line going all the way across. Also note from my above indicators I have an excellent custom indicator programmed by a guy on the level2stockquotes site that really does a good job calling bottoms. When you see a red inverted hill meeting with a green hill, that is a strong (90% plus) indicator that things are going up from there.
More later today,
Tradinginsider
Tuesday, April 26, 2016
Home »
» Keep Holding
Keep Holding
10:51 AM
No comments
Related Posts:
Its time to reach down....QQQ calls!and get ahold of yourself. Think: does buying call options sound completely batshit to you today? Does even thinking about that set off that safety monkey screaming in your ear to stop, what are you doing/thinking about? Is t… Read More
OMG: Markets crashingI have been watching the markets this morning and the 1000 pt Dow drop right at open and now sitting at -600. More to come as I see what is what... Tradinginsider… Read More
This is going to be worse than I thought...There is a strong possibility that the market is going to continue to crater...and we have some QQQ calls out there. Thats fine, when I see the bottom via trading signal, I will simply double down on the QQQ and purchase a ca… Read More
Are you Ready for Monday?Big week last week with a new channel opening and the floor giving away below everyone in the market. In my previous post I had described how I expect the market to drop more on Monday and possibly Tuesday. To get an updated … Read More
We may be purchasing some QQQ and SPY calls today. However we are in the middle of a huge panic. I will wait an hour or so to see if the ship somewhat stabilizes. Tradinginsider… Read More
0 comments:
Post a Comment