Public Blog - Chart Freak

Signs of a Lock Out

November 17, 2014/28 Comments/in Public /by Alex - Chart Freak

Monday Nov 17,2014 Just a Quick memo today, because I think that "The weekend report said it all" as far as How I am seeing things and what I am thinking. Now we have to wait and see and look for either follow through or other activity that confirms or negates the things that I mentioned in the weekend report. Also I see that the report did raise a couple of questions that I noticed in a few emails. "What do I do" and "Can I go long?" "Should I hold my DUST & sell on a dip & then Buy a pullback?" Quick review and then a few ideas. How I feel about DUST & SHORTS. I believe that because of the strong run up (On a FRIDAY) we saw a possible Shake out AND a possible "LOCK OUT". A LOCK OUT is when they sell prices down and get people to bail out on longs, run the stops, and even encourage heavy shorting, since they break prior "SUPPORT" levels. Those support levels become resistance,right? Since $1179 was support turned resistance , but offered No Resistance on Friday...it is looking like a possible "LOCK OUT" now. $1179 becomes support again. That is when Buyers now have a hard time buying- they have been mentally locked out. They even expect a pullback after Fridays straight up move, so they hold "SHORTS" to sell for at least a little less of a loss. Here is the chart of GOLD FRIDAY - (Click to enlarge) That run up plowed right through the "Resistance" of $1179 , and... Read More

Did you say a “Core” position?

November 13, 2014/16 Comments/in Public /by Alex - Chart Freak

Nov 13, 2014 Not a lot to say today- I got about 80 replies to the recent request for input on a better designed website. I tried to reply to each and every one. I THINK I may have accidentally permanently deleted one of them, if you didn't hear back from me, I apologize- I DID read it before that happened. You can even resend it and I'll get back to you, but I spent a good deal of time replying and thanking everyone for such positive feedback. Pat yourselves on the back, what a Kind group of people are reading here! AUDIO LINK HERE click here Now..A CORE? I had a couple people ask me why I dont discuss my "Core" holdings vs trades. I will when I have some, but until things start trending, I cut the core! Maybe some ENERGY or COAL stocks are a little more BUY & HOLD at this time. Some have begun trending. And since the COAL lows, earnings were released late OCT- it would seem that any bad news is baked in and upside seems to be steady (Above the moving averages. Lets take a quick look... BTU - recommended yesterday at 10 A.M. 1 .5 Hrs later Also ... Read More