ATTENTION ALL TRADERS
OCT 10 —Have you ever been skating on ice and suddenly you notice a big crack? How about a HUGE CRACK? We may want to keep that PANIC BUTTON handy. THIS just raised its ugly head. CAUTION WARRANTED!
No – Not Yet
Oct 10,2014 As I start writing before 7 a.m., Futures are down quite a bit
I Got a funny email, it said, "With this sell off- When will you know that you're wrong?" - LOL Now I assume that the writer just worded that wrong and was really trying to say, "When would you know if this sell off was more than the normal correction that you expected?" OR Was that just a Freudian slip and the writer is telling me I AM wrong - when are you going to know that ? 
Let me put it this way, I am watching closely and the CNBC TOPIC is "Is this more than a normal correction? Or Is this going to be a Panic Sell off?
When everyone expects it before it happens, and FEAR is everywhere, they are usually wrong. The best way to follow it is....TO THE CHARTS!!
QQQ still looks strong. This is NOT a chart of Weakness (So Far)
Despite the cries of things getting scary - The QQQ on this next chart looks like every other correction before a strong rally
Read More
Let me put it this way, I am watching closely and the CNBC TOPIC is "Is this more than a normal correction? Or Is this going to be a Panic Sell off?
When everyone expects it before it happens, and FEAR is everywhere, they are usually wrong. The best way to follow it is....TO THE CHARTS!!
QQQ still looks strong. This is NOT a chart of Weakness (So Far)
Despite the cries of things getting scary - The QQQ on this next chart looks like every other correction before a strong rally
Read MoreWELCOME BACK!
Oct 9, 2014
WELL!!! I thought that I should offer up an idea or two intraday since the color RED is the color of the day . I do NOT want to become a 'BUY & HOLD' or 'WISH & HOPE' kind of trader...I look to see if I can see whats happening and when a trade starts to act in a way that I didnt expect, I have to try my best to numb the "EMOTIONS" and just look at the facts. So I snapped this PIC of an intraday chart , the sell off of GDX today.
Its NOT meant to be grasping at straws or "HOPING" I'm right...its just what is happening , What I see right now.
As you can see, GDX and GDXJ have pulled back to very 'RED' for the day
- But they are only about 1/2 way into that move off of Lows yesterday, almost a "Test" of the top of a cup.
Read More
As you can see, GDX and GDXJ have pulled back to very 'RED' for the day
- But they are only about 1/2 way into that move off of Lows yesterday, almost a "Test" of the top of a cup.
Read More
