FACTS: 1. ON THE DAILY CHART, WHEN THE MACD CROSSES, WE INCREASE BETWEEN 60% - 260%! 2. WE ARE MAKING HIGHER HIGHS 3. TARGET ARE FIB LEVELS (GUESS WHAT ARE THE FIB TARGETS ON THE DAILY? 4. IF THE MACD CROSSES ON THE DAILY, WE ARE GOING TO SKYROCKET TO THE NEXT HIGHER HIGH!
5. MACD - An indicator used to reveal changes in the strength, direction, momentum, and duration of a trend We have been bearish for 2 weeks. The cross would indicate a change in trend (bullish!) Lets see how this plays out
6. THIS IS A SHORT TERM PLAY. IF YOU ARE IN IT FOR TH LONG RUN AND NOT TRADING THIS, PLEASE SEE CHART BELOW.
LONG TERN TARGET:
"If you can't beat the fear, do it scared!"
"Be fearful when others are greedy, and greedy when others are fearful!" - Warren Buffet.
"Markets are a device for transferring money from the impatient to the patient. - Warren Buffet
"Show me the charts, and I'll tell you the news." - Bernard Baruch