IKE
FWIW<g>....
USM9---at major support at 120.50, right at the bullish support line (BSL) on P&F...a 3 box reversal UP, would be 121.50...i'm counting on it to reverse...UP!!!!
SPM9--1376 a double top buy and a breakout, 1360 3 box retrace...
DJM9--10850 double top buy signal and a breakout..10650 3 box retrace...
NASD--2640 new buy signal and breakout..
NDX---2250 new buy signal 2260 goodbye city...
OEX, breakout!
RUT--at 431, 436 breakout....
SPX---1356.80 1365 breakout, 1345 3 box retrace...
VLE---975 breakout...
WSX--breakout...
What with all the worries about the coming crash, cycle lows, etc, i feel the confluence, convergence of all these indicators, will certainly produce a crash...an UP CRASH of monumental proportions...
THe real challange just occurred last week...as the wise and smart and top wall street gurus panic sold all the internets, the techs, and anything else that wasn't nailed down...it hit me like a ton of bricks...
They're now sitting in their elite offices, "dumbfounded" by the incredible "buy the dip" that "THEY" sold in panic...a lesson they still can't comprehend....while they panic sold, we bought...John Q Public did NOTHING...ZERO---NADA....they all had smiles on there faces...like we did...
the breathtaking explosion back up to near new highs on some of the internets, was nothing short of amazing...i think they got the message now..maybe<g>>..hey hopefully NOT!!!!!!
with well over 6 figures i made from Mid March thru Mid Apr, getting scorched good during the selloff, doubling down hard on the knockdown, "thank you IKE & Judy & Mikey"...i recouped everything and then picked up another 60-70% on top of that money...my trading acct has moved up in a major way...
i am fully invested at this moment...looking to expand my profits, and putting away shares of stocks i know and love...
As of this moment in time what with the Main P&F indicators all pointing UP, and the big boy only at 49%, heading towards 70-80%, we have an incredible upside potential here...whats even more incredible, nothing has changed economically...in fact things worldwide are getting better and better...truly a wonderful happening..
Now IKe, my friend...here's the craziest of all indicators..
The P&F INTERNET indicator which was overbought at 82% on Wed the 14th of Apr, corrected all those stocks down towards the middle of the field, and NOW, has the highest potential upside move of almost any sector i watch...funny huh??? we retreated so low on the scale, and then reversed up what with the 3-4 day rally, that there's a hugh open gap up toward the upper band of the trading channel...absolutley astounding set of circumstances..
people are making wild fortunes on these stocks...and while many traders can't or won't trade these volitile netnuts...WE DO!!!!!!
all in all Ike...life is a beach...regards and good nite...:>} |
