Thursday, February 2nd, 2017

Read The Market Chart, Don’t Chase It


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Comments

25 Responses to “Read The Market Chart, Don’t Chase It”
  1. adamantiaf1 says:

    Looks like I took your money yesterday. And today. Arrogant POS like you never last long.

  2. TestTubeWorld says:

    you take the stick away and im leaving, the brick is good.. but it’s no stick!

  3. cosmicguerilla1 says:

    its a shakeout !
    short this sucker

  4. dlmaniac says:

    I don’t like the ER season ahead. They tend to make the market go up & down too wildly to analyze.

  5. PSAadmin says:

    @watersings Thanks

  6. PSAadmin says:

    @vashon100 That is a valid point and one strategy we will keep an eye on.

  7. PSAadmin says:

    @idonotneedanidforyou Thanks

  8. PSAadmin says:

    @romarstar I find it too risky, and would rather day trade the up moves rather than hold them over night.

  9. PSAadmin says:

    @terminator007007 We closed out our leveraged ETFs we held our stocks; you can always visit the free website to view our current top picks and their entry/exit points.

  10. PSAadmin says:

    @icebreaker7 Cool!

  11. PSAadmin says:

    @goldwing25 You are welcome as always.

  12. PSAadmin says:

    @Awildwildworld No problem.

  13. PSAadmin says:

    @buffett1000 Thank you.

  14. PSAadmin says:

    @sarjil Thanks, glad to have you with us!

  15. PSAadmin says:

    @Silberhorter Glad to have you with us!

  16. PSAadmin says:

    @bakabusu4 You are welcome

  17. PSAadmin says:

    @jonvssocrates Thank you.

  18. PSAadmin says:

    @ccclanbolivia Still room for you to join us!

  19. PSAadmin says:

    @OldMrGrace agreed

  20. PSAadmin says:

    @scanlonized Yeah, someone posts that statement every time the market bounces.

  21. PSAadmin says:

    @beerandgolf68 Thank you

  22. PSAadmin says:

    @Qualitatively You are welcome

  23. toochez11 says:

    What if the H&S that every trader “Joe” is talking about, is in fact a falling wedge or a slanted W, both being bullish patterns ?
    I can’t wait the 1070-1080 area to see the white on rice turning red πŸ™‚
    In other words, being so obvious, everybody is going to short at the upper TL and as usual the market will prove them …….??? πŸ™‚

  24. OldMrGrace says:

    @terminator007007 If you were short on a swing trade and used stops, then yes, you would have got stopped out today for sure. That’s not the same argument as using sound technical analysis to predict that the Dow will lose 2123 points in the near future. Because it surely will – and then some. The markets never go up and down in a straight line. Take a step back and get rid of all the noise by looking at the weekly and monthly charts and you’ll be able to see very clearly where we’re headed.

  25. TheEarthGerm says:

    Alright my man, this is your moment. A bunch of co-workers are gleefully crapping their pants because the market went up today and earnings start next week, they expect 11500 very soon. Ive been email arguing with them to short since the GS/SEC fraud announcment and you’ve helping me rebuttle them with more ammo.. If the market tanks below 9500 soon I will send them all referrals to you to silence them all and so they can learn. Keep it up.

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