The idea of shorting apple came from MikeSer in our conference call when I mentioned the huge gap between $80 to $76. My real target for short is 82 (Fib 34) - but why not make it pass the gap and go to $75 :) That will make the total down turn -44.25%, which is more inline with the other apple pull back. So short Apple at 92 - with target at 82.5 and 75.5? Long...
After months expecting the bottom of at least around $1000, did the bottom came and gone without much of a BANG??? Gold has spotted the most perfect rounding bottom pattern, a long term reversal pattern. In addition it had broken a triangle pattern where it had been moving around since mid 2013 as well as 50 weeks MA (200 days MA on daily chart). Yes, that had...
IBB (Bio Tech ETF) had been on down turn since the last hurrah in July. It has been doing a beautiful correction A B C waves - currently at the end of wave (c) of C. Wave A is a double 0.5 X 1 move of the Gann Box Wave B is a 1.272 X 0.5 of the first Gann box. Wave C so far has been a 0.5 X 0.766 (although it might end up at 0.618 and 0.886 or 1) This movements...