x3rs of the pm

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Weasel Tracker
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Very nice pennant. I sold the

Very nice pennant. I sold the short for a small profit and just flipped a long for a better profit. I'm going to hold off on betting on a direction for which way this beast is going to go....

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WT good on ya!  I believe we

WT good on ya!  I believe we have a dip below 16 in the next month, two at most and don’t want to get caught long.   Nice trade!

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Usually when a pennant is

Usually when a pennant is broken, it's a very violent event. If we gradually hit 16.90s to 17 early next week, I'm going to join the short!

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Well Ag = $16.92 gets my

Well Ag = $16.92 gets my attention. Sold a blue chip so I could short some more here.

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Joined you!

Joined you!

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I think another day or two of

I think another day or two of upwards momentum left. Saved some cash to strengthen my short. Momentum is not strong enough here for a pennant break I think... 

https://i.imgur.com/aWLx7l0.png

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WT a tip of the hat to your

WT a tip of the hat to your call.    Now, $16.60ish is not much of a resistance point on the down-thrash,  good news.   Having said that I might pull a tranche out today, the blue chip I sold is down a bit and I could buy it back with a decent profit to stash.   

Hope you were able to strengthen your short position.  Waiting out those peaks is a real test though, isn’t it?

Edit/update.  Did in fact sell that tranche at Ag= $16.57.   Yes it may have been ‘too soon’ but discipline is discipline.

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brokerk22
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I dont care

what the elliott wave whores and traders say today action tells me the slingshot is coming and sooner than later.  I hope the shorts get crushed.

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brokerk22 wrote:what the

brokerk22 wrote:

what the elliott wave whores and traders say today action tells me the slingshot is coming and sooner than later.  I hope the shorts get crushed.

yeah. You had about a week of being on the  right side and  I hope you got out of your long position while the gettin was good.  Otherwise you may have to wait a bit.  There will be a time for crushing shorts.  Today, obviously, not it. I tell ya we can all win here, it’s about timing.

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Wow.   Sold another tranche

Wow.   70 cents in one day?  Cha-Ching.

Sold another tranche at Ag = $16.44.  Could have a reaction bounce. That last little dip before the 1:30 close was suspicious.   Still have 2 tranches so it’s not like  I’m thinking this is over.

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Broker, thanks for sharing

Broker, thanks for sharing your feelings. 

Happy, I'm out for now. This looks like the weekly candle from the end of january this year. I would bet on an early next week price spike then another drop. 

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WeaselTracker it sure does

WeaselTracker it sure does look like that.  One in late April as well.  Will history threepeat?   Hope so.

As far as I recall this was your best timing yet.

See ya next week.

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yeah, not too bad this time!

yeah, not too bad this time!

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Not much time to think about

Not much time to think about trades today.  Did exit another short tranche at Ag=$16.26 early and wanted to consider a long but that will have to wait.

Still have one short tranche.

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Sitting this one out, but I

Sitting this one out, but I would bet on another leg down in the next two days. Looks like we are testing resistance based on the open/close charting method 

https://i.imgur.com/lS94sVh.png

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I took a short bet out. 

I took a short bet out. 

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Interesting.  I expect

Interesting.  I expect tomorrow it breaks one way or the other.   I could not get a feel for it, expected a reaction up that didn’t come, or maybe didn’t come yet so 1 tranche short continues.

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Weasel Tracker
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I guess I was early!

I guess I was early!

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I guess you were, but so far

I guess you were, but so far no real damage done.

I did see movement, as expected, and up which fits the sign I was looking for, but I needed to see  another 10 cents to get my short attention.   

Have a good weekend!

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Did you add a little short,

Did you add a little short, or are you just riding your tranche? Looks like a storm is brewing.

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