Long GDX 28.90

Full moon, oversold indications on the daily CCI tell me to buy, plus we have had a 5 wave down on the recent wave and a-b-c decline wave 4 of three. Tomorrow could fall further on the SPX but a huge rally there too with a top on day 9 Jan 20. Long 700 shares at 28.90

Low 861 SPX tomorrow, 1056 by Jan 20.

Went long 400 more shares at 28.83

Full moon, oversold indications on the daily CCI tell me to buy, plus we have had a 5 wave down on the recent wave and a-b-c decline wave 4 of three. Tomorrow could fall further on the SPX but a huge rally there too with a top on day 9 Jan 20.

Long 700 shares at 28.90

Blustar,
Do you have a stop in mind for this position? I'm inclined to stay with short positions for a few weeks based on sell signals on daily charts. My stop on shorts is a move above recent highs.

Kimston

Full moon, oversold indications on the daily CCI tell me to buy, plus we have had a 5 wave down on the recent wave and a-b-c decline wave 4 of three. Tomorrow could fall further on the SPX but a huge rally there too with a top on day 9 Jan 20.

Long 700 shares at 28.90

Blustar,
Do you have a stop in mind for this position? I'm inclined to stay with short positions for a few weeks based on sell signals on daily charts. My stop on shorts is a move above recent highs.

Kimston

No stop

http://www.traders-t...showtopic=88663


gdx.....target.....28....26....rsi2>rsi3?

Edited by vitaminm, 12 January 2009 - 10:47 PM.