Periodically, I let my pendulum choose a random ticker from pages and pages of tickers. Most of the time they're obscure companies, and this is another one I've never heard of. However, what a run! Apparently, they make trucks or something. I really don't care. What I do care about is their options are decent!
The scenario I'm getting is we take another stab at highs and go up into Friday (along with indexes). Then, something happens... It must be news or a catalyst because 3 times now, on different days, (including today) I get the option of "extreme selling" for this thing. (I do have possible major selling in indexes Fri/Mon).
It's not often I get the option for extreme selling, so it really gets my attention.
I've had dowsing choose tickers that didn't do jack for almost a month before the good moves, so I have asked for a time frame, but I'm not sure I'll be correct.
So because I think indexes are up this week, and dowsing says this is going up to almost $89, you could even play it long. But the bigger idea is to short this thing to a target of $75.
When/if we get around there I'll do an update because this may be a great buying opportunity as this has been super strong.
The scenario I'm getting is we take another stab at highs and go up into Friday (along with indexes). Then, something happens... It must be news or a catalyst because 3 times now, on different days, (including today) I get the option of "extreme selling" for this thing. (I do have possible major selling in indexes Fri/Mon).
It's not often I get the option for extreme selling, so it really gets my attention.
I've had dowsing choose tickers that didn't do jack for almost a month before the good moves, so I have asked for a time frame, but I'm not sure I'll be correct.
So because I think indexes are up this week, and dowsing says this is going up to almost $89, you could even play it long. But the bigger idea is to short this thing to a target of $75.
When/if we get around there I'll do an update because this may be a great buying opportunity as this has been super strong.
Comment:
I can't help but wonder if I was supposed to get 98 and not 88. It's happened before that the numbers are 10 pts off. Very uncool, so I hope as I practice it'll get more accurate.
For now I have some bullish energy and some kind of spike up and reverse back down and a bull trap. The next date I get is 2/21. I'll check in for the 12th when we're closer just to follow up. May be a test of the highs, or just the intraday action interfering.
Big picture after that is Daily Chart Breakdown. I tried to get the low for the year. I'll make a new idea to journal it. I get 63 & 60.
For now I have some bullish energy and some kind of spike up and reverse back down and a bull trap. The next date I get is 2/21. I'll check in for the 12th when we're closer just to follow up. May be a test of the highs, or just the intraday action interfering.
Big picture after that is Daily Chart Breakdown. I tried to get the low for the year. I'll make a new idea to journal it. I get 63 & 60.
From there, the pendulum goes to 75 again, so that is good. I also just got another price of just under $71 when it told me to get a percent down & = 19.
I get that this is at/near very long term resistance, but likely gets a bit higher, so into the original sell zone seems likely.
Also, watch 9 weeks out. Maybe it goes down that long? That's what I was asking is how long is the bear market? We'll see, but that puts us at Jan 12th.