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Strategies & Market Trends : CFZ E-Wiggle Workspace -- Ignore unavailable to you. Want to Upgrade?

To: POKERSAM who wrote (26533)7/27/2017 10:45:44 AM
From: Fintas  Respond to of 41498
 
Where I'm long equities I look at each one specifically to determine their potential near term or long term.

I'll act accordingly.

If I have a low cost basis as I do with the majority and during all of this upside I've been exploiting the crap when I chose whether via a call or a covered call when I could see a drop as an ex CAT then it's been fun.

BUT every stock.. every index at some point will roll. Whether it was APPLE from 100 to 57 long ago before resuming and then the infamous 700 to 385 few saw or that hit in 2015 from 130 ish to 90 before resuming back up. Nflx from 245 ish to 57 etc.

Decisions have to be made long before one gets caught and to make that decision one has to be very objective. Yes I could see GOLD to 2430 long ago but hmmm 1174 and the 1045 were more likely. On an aside GOLD 1944/2430 is coming!

So from this INVESTORS point of view and not some day trader or swing trader one best be ready for a decent decline in many equities and sectors. I am.. I don't mind the GE pulling back. No more than I have others. I had already positioned for such.

I just don't want to get caught in a DELL as it drops from it's all time high of a 59 to 8 and sits in the range of 9-14 for years before being taken out at 12 ish. Long ways from that 59. Still great if one's cost basis was .05C. Yet few had that.

Be well and glad to see you are still doing your thing.

Fintas



To: POKERSAM who wrote (26533)8/4/2017 10:08:30 PM
From: skinowski  Read Replies (1) | Respond to of 41498
 
Looks like the consolidation since the 2484 top a few days ago is Wave 4 of the advance out of the 2405 low in late June. Another swing up, and you're likely to see the 2500, which you expected.

Unless, the recent 2460 minor low gets taken out. That would mean that the correction is most likely in progress.


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