Show-me Account Talk

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Yea, some days you get the bull some days you get the horn. Best reason for a plan and a stop.
 
Gumby said:
I'm selling the rest of my UYG shares also....you have convinced me.
Click to expand...

Sold my UYG at $6.75
Bought at $3.67 and $5.68

About made up my paper loss on SDS. Still holding SDS and thinking about buying more. Today might be the day.:nuts:
 
Birchtree said:
BGU is at $36.92 +3.54. It requires patience.
Click to expand...


The plan is to sell and buy it back cheaper later this week Big Bull.

I'm getting ready to sell my TNA in a few also - it's up around 15% today, but I'm going to see of the Bulls can squeeze the Bears some more into the close... 20% would be much nicer!
 
Going to play a little oil today. I got suckered out of the market with the jobs report.

DXO is a PowerShare double long crude oil, I put in a small premarket order at 2.80 which is about a 50% retracement of yesterdays run, $40 a barrel oil seems like a dream. Who would have thought it would retrace this much. T. Boone ain't on the TV like he use to be when he was the flavor of the month.:nuts:
 
No luck on the DXO, I will try again later. Noticed UYG is selling off in light volume.

Have a good day.
 
All the funds are beneath the 50 dma, do they have enough dumb money in the market to sell it off yet?
 
Meridith Whitney is on CNBC and says that financials will not make a profit for two years and thinks real estate will drop another 20% as the market delevers.
 
Now that's what I call bearish news Show-Me. Everyone is expecting a pullback, but how much and when. Where the tube spinsters start to refocus us on a rotten future, makes me wonder if I shouldn't change my strategy on the present. Lots of people jumping in now...what to do...stay or get out. Good Luck and Happy Holidays..

FS
 
Show-me said:
Meridith Whitney is on CNBC and says that financials will not make a profit for two years and thinks real estate will drop another 20% as the market delevers.
Click to expand...


One of the reasons I wanted out was because I knew that Merideth Whitney was going to be on CNBC!
 
Second inside day in a row.

Inside Day
1.gif
A candlestick formation that occurs when the entire daily price range for a given security falls within the price range of the previous day. This term often refers to all versions of the harami pattern and can be very useful for spotting changes in the direction of a trend.
2.gif
An inside day is often used to signal indecision because neither the bulls nor the bears are able to send the price beyond the range of the previous day. If an inside day is found at the end of a prolonged downtrend and is located near a level of support, it can be used to signal a bullish shift in trend. Conversely, an inside day found near the end of a prolonged uptrend may suggest that the rally is getting exhausted and is likely to reverse.
 
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