Our stock market fund timing signal changes to a bullish one today at the close. A move similar to Dec 27/Jan 6th is at hand. It looks like a complex 'b' wave forming here and that has some serious down side implications once the 'b' wave is complete probably on Feb 9. A move up into the SPX 895/903 zone is expected.
I also like the Direxion 3X BULL ETF's symbols BGU and TNA.
Gold stocks are building what looks like an irregular top with 'y' of an x-y-z larger "x" topping last Monday. -a- of 'z' bottomed Thursday and now we are in -b- of 'z'. -c- of 'z' is where the down side action will be next week especially after Feb 9.
We are still long gold stocks looking for higher prices into Thursday.
Turning Bullish Today
Started by
blustar
, Feb 02 2009 12:59 PM
3 replies to this topic
#1
blustar
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- Traders-Talk User
- 6,574 posts
blustar
#4
dowdeva
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- Traders-Talk User
- 525 posts
Member
Posted 02 February 2009 - 07:47 PM
Our stock market fund timing signal changes to a bullish one today at the close. A move similar to Dec 27/Jan 6th is at hand. It looks like a complex 'b' wave forming here and that has some serious down side implications once the 'b' wave is complete probably on Feb 9. A move up into the SPX 895/903 zone is expected.
I also like the Direxion 3X BULL ETF's symbols BGU and TNA.
Gold stocks are building what looks like an irregular top with 'y' of an x-y-z larger "x" topping last Monday. -a- of 'z' bottomed Thursday and now we are in -b- of 'z'. -c- of 'z' is where the down side action will be next week especially after Feb 9.
We are still long gold stocks looking for higher prices into Thursday.
I think someone/s has a pretty big 25/30 bear call spread on TNA. Over a thousand contracts.
