Been awhile since I've looked at this one but its looking good over previous high.
minimum target is 112 and 159 would be in top range for this. Micro started to outpace larger degree it appears. want it to stay above ~$80 now
Been relooking at more stocks with log scale and seeing if I can get a clearer count from it. PENN has promise and can see $100+ to finish this larger wave 1. Wave 4 not confirmed yet, but possible bottom has formed. More bullish over $68. Over ~77 to confirm wave 4 is in. Can see possibility of correcting to ~$45 - $34 for wave 4 which would be a great buying opportunity.
Hi traders,
Market was going down strongly on Thursday, sadly I mistimed some of my trader or didn't take profit when I had the chance.
But apart from that I'm telling you why I knew the airlines weren't going down from the open but rather up, despite gapping down significantly. Next time you see a situation like this it can save or even MAKE you...