1/2 starter. Tight stop. Time-stamped in The PPT. Details on the chart.
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Joined Apr 1, 2010
8,861 Blog Posts
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im not worried. I bet some good news will show up soon and it will be back up to 20 before long. maybe they will get bought?
LoL
Been awhile since I wrote but wanted to again thank you for your solid analysis which I read on a regular basis.
I was looking at that BAC trade yesterday. That “hammer” you identified was also a Tom Demark “camoflage” buy. But a strange thing kept me from pulling the trigger….
I counted a TD (Tom Demark) sequential weekly sell on almost all the major indices. That’s a “weekly” sell which can take a little time to work out but we also received a daily “camo” sell on almost all the majors, so I went long SDS. Possibly just some short term profit taking will occur, but bearish sentiment is awfully low so we’ll see.
Keep up the great work!
Thanks for the feedback philsy.
I thought for sure we were going to get one of those cartoons, like with the iPhone and gold (and now, law school) where the irrational character keeps insisting on “wanting X” (in your case BAC) while the rational arguer tells them about far safer picks…
Ah well, I can dream, can’t I?
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