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Strategies & Market Trends : I need to quintuple $20,000

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To: Davy Crockett who wrote (89)12/9/2013 9:46:23 PM
From: Davy Crockett  Read Replies (1) of 114
 
buyz NUGT @ 27.42
HNU.to @ 12.61
TZA-n @ 18.74
EDZ-n @ 40.89
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I bought 1000 shares each. I'm just getting back into trading after a long lay-off.

The following notes describe why I bought what I bought.

It wouldn't be the first time that I missed a blow-off :(
...oh well... :(
buy nugt @ 27.42 or (proxy GDX-n) probably a bit early, but GLD-n is sitting on really good long term support @ $120.00 daily is higher highs then July of this year & DMI's crossed over with commensurate ADX crossing down - both with suggest that the current trend is ending. (not confirmed yet though... we need volume & other indicators/price to indicate change of trend - also divergence between ADX, DMI's & price & higher low since July 2013) however, it might be good for traders for a short term nibble & maybe longer for others who are risk tolerant.

edz @ 40.89 in - cautious though

tza @ 18.74 in - cautious

hnu.to @ 12.61 - optimistically bullish

Regards,
Peter
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