30 replies to this topic

[skott]

gold is a Tier one bank asset now. 100% of the value can be stated on the books. Look at gold's performance compared to the market. why invest in the stock when you can make hundreds of % in the miners?  SMH

[skott]

bought MSFT puts yesterday and AAPL puts this morning

[skott]

MSFT was at 187 when I bought those puts.  AAPL was this morning when it was around 324. already making me money. no guarantee it will stay that way but both of them are parabolic looking charts. Take a look at virgin atlantic space company SPCE for just how stupid investors are. Bubbles ALWAYS burst

[K Wave]

Here we area at key 9600 level on NDX.....

 

If bull don't hold this....could see massive wipeout today....

[K Wave]

Oops, crashed on through faster than I can type!

[K Wave]

Watching the Trannies level at 10,950...if bulls fail to bounce it here and immediately reclaim 11K, we could have reversal on our hands...

 

Below 10,850 would likely signal bull failure on the 11K breakout attempt...

[K Wave]

SQQQ 15 min chart extremely extended downside...are we on the verge of a turn?

 

let's see if bears can get follow through after a brief pause...

[skott]

what about the 11, 623 high and the 11,359.49 high and the 11,155 high ?  just looks like another lower high here today. bust.  few win at the game of musical chairs. there is absolutely no good logic investing comfortably on the long side at this time.  anyone ever heard of mean reversion?  MSFT and AAPL can correct by 20% and still not reach their 200 day MA's.  that's just plain stupid

[skott]

when GDXJ reaches and surpasses 48 in the very near future (it's around 43.60 now)  it will have risen 200% since 2016. you aint seen nothing yet. I think it may approach or surpass 140 in less than 2 years but I'll sell when the time is right regardless of what the price is.

[K Wave]

Coming back up towards NDX 9600....now we see if it becomes resistance or not...