JTH's Account Talk

Reply number 3 (Nnuutt)
Not throwing anyone under the bus but the gloves came off after that. To James credit he stood pretty firm throughout. The rest of us are just creatures of habit.
 
Yeah yeah yeah. I'm in tza at 17.21. I get to cry the most.

The good news, this is the biggest bounce since the Feb 5th top, a 50% replacement of this wave takes us to 17.84. The bad news is we haven't even breached the 1st Fibonacci level yet, there's still work to be done...

TZA-Hourly-1Mnth

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Another trading seminar, this one shorter than the last one I posted. It's a 4-part series, each video being about 10-15 minutes long.

 
Can't wait to see how the markets unfold. On the short-term SPX wave, price retraced up to the 38.2% fibonacci level, the gold box is a key area where prices have shown support over the past week.

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I think today we'll break out for a solid 150 point gain in the Dow, and no that isn't based on RadioShack announcing it's profits. The Institute of Supply Management, a research group that publishes monthly reports on manufacturing data announced good news on manufacturing, so I'm expecting the Dow to return to previous levels, and if not grow a bit more on them. Granted moving forward all of this is insignificant to the Ukraine crisis which could throw any economic indicators out the window. This makes Fridays job numbers and the overlooked International Goods and Services Report very critical.
 
I expect to get stopped out this morning

NUGT Filled @ 50.75, Stop @ 49.75
TZA Filled @ 15.95. Stop @ 15.55
 
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