Wells Fargo & Co - WFC - Daily -Sometimes a picture tells it all

632 31 12
Sometimes all you need to do is to see a picture to know what to do....

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Like this trade setup now - with the backtest of the previous TL combined with a return to its previous earnings level (using the TimWest system).
+2 Reply
timwest DavideG
Looks very good. It's been relentless so far.
DavideG timwest
Yes, it has. Though I would never have guessed the S&P would be making new highs so soon. Thinking about riding this one out? Or do you have an exit strategy in mind?
tompower DavideG
hey Dave, how did that work out for you, quite a backtest there.
timwest tompower
Sometimes you win, sometimes you lose. What 's working for you @tompower?
tompower timwest
Tim, you got me there, but as you said in your previous post who knows maybe one day I'll figure this thing out.
Did you see sanjays piece on the yen. Could be new highs in xlf, bears will have their asses handed to them.
timwest tompower
Care to post a link to it? I don't know what you are referring to. Is "sanjay" accurate in Yen forecasting? What does the Yen have to do with Wells Fargo? Is there a correlation I should know about?
tompower timwest
Yen weakness tends to help the market, I will try but I think you just need to go over to Sanjay Gupta to find the link
timwest tompower
Would you mind posting the link. Thanks @tompower
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