We had another huge morning gap, which has been so prevalent in either direction over the past few months that there does not seem to be much excitement about them any more. Since this morning’s gap, though, the action has tapered off significantly. Breakouts have drifted lower, and the energy level is just not there. I recognize that this is an options expiration Friday, and there remains to be seen a ton of news out of Europe over the weekend. All of those factors may be preventing a bonafide, rock ’em, sock ’em type of move from happening. Either way, the lack of energy after this morning’s gap is preventing me from becoming more aggressive.
On a more pleasant note, though, inside the 12631 Trading Service in our famous “Pelican Room” state of the art chat, we are crushing the BIIB long trade, and have been long for several day, with a high volume breakout today. If you have been considering joining 12631, take a look at how much value you get for your money, as it costs as little as $25 per month. Who knows? Perhaps we will not always keep the price that low. For now, though, it is too much value for you to pass up. Come check us out inside The PPT. Click on this 12631 hyperlink for more details.
any predictions MR Wine ? i unloaded sum longs today but this market has been acting so strong. i was on the short a bit this week and caught out with lil losses luckily..bulls seem in total control. any thoughts ?
I interpret the price action better than I predict it.
i see. well wats the price action telling u then ?
“We had another huge morning gap, which has been so prevalent in either direction over the past few months that there does not seem to be much excitement about them any more. Since this morning’s gap, though, the action has tapered off significantly. Breakouts have drifted lower, and the energy level is just not there. I recognize that this is an options expiration Friday, and there remains to be seen a ton of news out of Europe over the weekend. All of those factors may be preventing a bonafide, rock ‘em, sock ‘em type of move from happening. Either way, the lack of energy after this morning’s gap is preventing me from becoming more aggressive.”
My God, what density.
That was directed at Kong FYI, not you, Chess.
ur mothers dense u faggot.
That was directed at EvanBFI, not you. Chess.
I won’t lie, I would easily pay 2 times what I am now for the annual subscription. Still I like the price point it is at because I feel I can use it as an educational tool, were it more expensive I would feel compelled to trade to recoup some costs. Great service though, massively improved my abilities as a trader.
Thanks, TJWP.
Thanks Chess. PPT and 12631 only service I ever subscribed to.
Me too
Also common in recent months are almost linear channels up or down, which we are seeing down right now. Computers on parade.
Chess,
I am a PPT member. Just wonderig what are the avergae holding periods for 12631 calls?
RaginCajun trends to do more day trading than I do. Depending on the type of market we are in, I can hold swings anywhere from a few days to several weeks.