monty, just got in and have to get to bed..Getting up at 4:30 A.M. Normally don't work on Fridays,(my family day), but have to go in for 1/2 day..
I have CS now logged in trading range from 19.50-16.50..ADX registers 47, and whenever it gets over 40 on a trender, I get nervous...Keep an eye on your fast stochastic 8 period..She goes below 20 line, might be good time to re-enter once again..I will be back...
Holding NEM and BNYN overnight...If NEM doesn't take out 19 3/8, I might have hit bottom day with my 19 1/2 entry..However, someone told me the English have another fire sale on gold coming, so we may dip yet to the 19.00-19.25 area...I have my short list generated for my wife tomorrow, although, all my TA indicators are looking for a one day bounce, so she may use my long watch list instead..
Someone commented on the news that daytraders will be crucified in a down market...Disagree, I plan on making a lot of money short and with gold as a kicker(if anyone can ever give gold a kick)..A trader must be comfortable going either way, and I finally feel very comfortable shorting, and my wife is getting to that point as well...good night... |
