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Trading my two cents

Zenhunter
Don't pay dollar to keep 2 cents when wrong. Cut your losses quickly. Trade what you see, not what you think.
Joined Oct 26, 2011
719 Blog Posts

Dilly-Dally is over, we are going up!

Zenhunter Tue Apr 9, 2013 2:59pm EST 3 Comments

Take a look at the $SPY daily chart below:

It looks strong and convincingly bullish.  There is no if or but; we are going up.

SPY_Daily

 

I’ve bought back $DDD, $CHK, $DNN, added more $SZYM to my portfolio.

My 2 cents

 

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3 comments

  1. jimmy_two_times
    jimmy_two_times
    April 9, 2013 at 3:19 pm

    not believing in the last gasp before the drop?

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    • Zenhunter
      Zenhunter
      April 9, 2013 at 4:56 pm

      This is surely another way to look at it. I can play safe or I can put my money on the line and see what happen; but for now, price action says we are going up so I choose the latter. If the former becomes reality, then I’ll deal with it then.

      Good point though, thanks!

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  2. crib dust ruffle purple
    crib dust ruffle purple
    April 30, 2013 at 11:54 am

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