Mactheriverrat 3,172 posts msg #136772 - Ignore Mactheriverrat |
7/14/2017 5:36:03 PM
AMZN - Ascending triangle building up to break out. Then watch the greedy investment house's pile on afraid they will miss the bus.
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Mactheriverrat 3,172 posts msg #136773 - Ignore Mactheriverrat |
7/14/2017 10:28:55 PM

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johnpaulca 12,036 posts msg #136781 - Ignore johnpaulca |
7/15/2017 11:18:07 PM
70% of the S&P 500 stocks are bullish
77% of the DJI stocks are bullish
75% of the NASDAQ 100 stocks are bullish
64% of the Russell 2000 stocks are bullish
62% of the NYSE stocks are bullish
-I would say the trend is intact
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johnpaulca 12,036 posts msg #136786 - Ignore johnpaulca |
7/16/2017 5:45:52 PM
Which chart would you trade long left or right? counter trend is downright dangerous especially for newbies and even seasoned traders....I just don't get it!!
Trade with a tail wind not a headwind. I see so many people here still cannot identify a trend...geesh!!

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pthomas215 1,251 posts msg #136787 - Ignore pthomas215 |
7/16/2017 7:26:37 PM
And I dont get why anyone would endorse long MDT, which is near its resistance level right now. GE, to answer you. Easy one. I dont know how to post graphs on this thing but there is a clear channel to $29 resistance from where it is now. MDT is near its resistance level now, but hey, it is your money not mine !
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johnpaulca 12,036 posts msg #136788 - Ignore johnpaulca |
7/16/2017 7:48:58 PM
MDT was just an arbitrary stock I picked to show a up trend. I'm already out of this stock, note green dashed line on chart where I sold.
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pthomas215 1,251 posts msg #136789 - Ignore pthomas215 |
7/16/2017 8:05:07 PM
But you are still endorsing going long on it right now. I dont think my endorsement of GE deserves the personal attack my canadian friend, especially from a guy who 4 months ago went long on Gold, only to watch it plummet for the next 2 days. I guess JNUG wasnt in an uptrend when you bought it.
I trade in accordance with Elliott Wave theory, and you can have a downward trending channel with corrective action, which is what i am referring to.
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johnpaulca 12,036 posts msg #136790 - Ignore johnpaulca |
7/16/2017 8:15:03 PM
I said newbies shouldn't counter trade because of the danger. Yes, I counter trade all the time, I have a sound money management strategy. I'm long gold(GLD, RGLD, AEM) and oil.
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pthomas215 1,251 posts msg #136791 - Ignore pthomas215 |
7/16/2017 8:50:39 PM
ok no worries. My apologies for getting a little bent.
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johnpaulca 12,036 posts msg #136792 - Ignore johnpaulca modified |
7/16/2017 9:24:46 PM
No apologies necessary PT....have a great evening!!
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