...Mich , I can tell u r businessman from ur posts (<)<
curve flattened ? 
GLD
6 mth daily
in today , 1/3 postion . Holding. will add IF it can break above the high . Bought at the open pretty much , anticipating a morningstar pattern (not a real morninstar pattern tho, i get it) which can to fruition. Stop ? dont have one, am concerned with the gap at $156 and will decide to ADD on a bullish candle pattern at said area or bail with a loss . Yesterday was a doji, a general rule is the price will move in the direction it opens after a doji. I would not have bought if it opened negative, BUT would have bought at 3:55 pm if the candle presented as a bullsih engulfing pattern
the chart is trendiing up, this play is a play WITH the trend. Im not a gold bug . reclaimed her 8 ema
gl
6 mth daily
in today , 1/3 postion . Holding. will add IF it can break above the high . Bought at the open pretty much , anticipating a morningstar pattern (not a real morninstar pattern tho, i get it) which can to fruition. Stop ? dont have one, am concerned with the gap at $156 and will decide to ADD on a bullish candle pattern at said area or bail with a loss . Yesterday was a doji, a general rule is the price will move in the direction it opens after a doji. I would not have bought if it opened negative, BUT would have bought at 3:55 pm if the candle presented as a bullsih engulfing pattern
the chart is trendiing up, this play is a play WITH the trend. Im not a gold bug . reclaimed her 8 ema
gl
GLD
2 yr weekly
obviously this is a healthy chart . May want to consolidate for a bit before her next wave up
there's a gap there at $154, bugs me...gaps on weekly charts tend to get filled. just a heads up . BUT 4 weeks now running where $158 ish will not be given up. Enough for me to take the plunge . Seasonality on gold does exist , historically now isnt the best time to get in. Just a heads up, painting both sides
2 yr weekly
obviously this is a healthy chart . May want to consolidate for a bit before her next wave up
there's a gap there at $154, bugs me...gaps on weekly charts tend to get filled. just a heads up . BUT 4 weeks now running where $158 ish will not be given up. Enough for me to take the plunge . Seasonality on gold does exist , historically now isnt the best time to get in. Just a heads up, painting both sides
Hi Ric, I've been really lucky over the past couple of months. I got on the sidelines at the right time.
Somewhere back about the end of January or early February I saw about twenty backhoes almost on top of each other working feverishly in China to build several hospitals in several days. I thought that was extraordinary and something that I wanted to pay attention to. When I mentioned that to my neighbor he told me that his cousin who worked for an American company in Wuhan had his apt building sealed by the Chinese govt so that nobody in the place could get out. Then stories of people jumping to their deaths. Then (yes I own a small business) my customers started talking to me about contingency plans in the event that the city of Boston shut down. All the time I'm thinking to myself that we were possibly about to be part of some very uncharted territory, something the market hates. Of course the market started to slide precipitously. I went to cash right away. Immediately. 'Cause I've seen this before. Timeliness is everything. The pundits will all tell you to hold through the storm. Not me. There's a difference between a hail storm and a category five tornado.
Then I had time to think what we would need to see before the crash stopped crashing. I figured that we needed to get people back to work and the states reopened before the layers of economic destruction really set in which wouldn't take long. (I railed against the clueless policymakers since the first shutdowns. They had no idea, and many still don't, what the dire consequences of these shutdowns would be.)
Anyway I figured that the only thing that could turn the market back up would be a reopening of the states to normal economic activity. A cure for the virus would do the job. A vaccine would do the job. Or back to work dictates from our political leaders would do the job, whatever spurred them.
I watched Trump's corona virus briefings every night looking for hints as to anything that would signal a reopening. I got two in the same night. THe President talking about the great results from a French study of hydroxychloroquine. And the President also talking about wanting to reopen for Easter (that was only two or three weeks away at the time). Bingo. Those are the things that I suspected would give the market some stability. I posted such right here in this thread and I prepared myself for reentry. The first day was a two thousand point gain. I didn't catch that day. But I started getting back in on the following day and have been adding and subtracting since, using the way I read charts as a guide integrated with some fundamental info.
Been lucky, Ric. I just realized that I got a little wordy there.
I'll give you the list of stocks I've added if you're interested. If not, that's fine.
Hope you've been able to advantage. Those charts you use are a great guide.
Somewhere back about the end of January or early February I saw about twenty backhoes almost on top of each other working feverishly in China to build several hospitals in several days. I thought that was extraordinary and something that I wanted to pay attention to. When I mentioned that to my neighbor he told me that his cousin who worked for an American company in Wuhan had his apt building sealed by the Chinese govt so that nobody in the place could get out. Then stories of people jumping to their deaths. Then (yes I own a small business) my customers started talking to me about contingency plans in the event that the city of Boston shut down. All the time I'm thinking to myself that we were possibly about to be part of some very uncharted territory, something the market hates. Of course the market started to slide precipitously. I went to cash right away. Immediately. 'Cause I've seen this before. Timeliness is everything. The pundits will all tell you to hold through the storm. Not me. There's a difference between a hail storm and a category five tornado.
Then I had time to think what we would need to see before the crash stopped crashing. I figured that we needed to get people back to work and the states reopened before the layers of economic destruction really set in which wouldn't take long. (I railed against the clueless policymakers since the first shutdowns. They had no idea, and many still don't, what the dire consequences of these shutdowns would be.)
Anyway I figured that the only thing that could turn the market back up would be a reopening of the states to normal economic activity. A cure for the virus would do the job. A vaccine would do the job. Or back to work dictates from our political leaders would do the job, whatever spurred them.
I watched Trump's corona virus briefings every night looking for hints as to anything that would signal a reopening. I got two in the same night. THe President talking about the great results from a French study of hydroxychloroquine. And the President also talking about wanting to reopen for Easter (that was only two or three weeks away at the time). Bingo. Those are the things that I suspected would give the market some stability. I posted such right here in this thread and I prepared myself for reentry. The first day was a two thousand point gain. I didn't catch that day. But I started getting back in on the following day and have been adding and subtracting since, using the way I read charts as a guide integrated with some fundamental info.
Been lucky, Ric. I just realized that I got a little wordy there.
I'll give you the list of stocks I've added if you're interested. If not, that's fine.
Hope you've been able to advantage. Those charts you use are a great guide.
okay, well have a PLAN. That is, what factors will make you re-invest for your family's future ? DEFINE them . Will they be dependent on ; what you see around you, anectodel ? fundamental criteria , ex., the SPY PE ? or the chart? combo? Without a plan, we r all lost. Making random decisions based on...?
SPY
2 yr weekly
SPY
6 mth daily
the BEAUTY of a chart is that there's no noise. PURE price action . Levels are there
you're being humble, wasnt just luck. And am VERY happy for you
Mich, am saddened , N America is in harm's way. Have lost the little faith i had left in govt, kaput. Canada? kaput. Selling the clinic when my eldest graduates from engineering in a few yrs. That was the plan, wasnt cemented , it IS now. Want to spend 3-5 mths in Maderia every yr, maybe work a bit in Ontario, trade and golf. Have had it.
i dont invest in individual stocks i do invest in etfs. My trading acct and investing acct r separate .
Trade etfs, and once and awhile will trade stocks , the etfs just simplifies for me. It's a give and take, etfs will decrease upside but decrease downside..we all find our comfort zone. In the future may use a scannig software for stocks , expand etc..i just do this on this side, candidly passionate about it. Am a paid member at 2 trading forums. learning, growing...
wth that said, waht stocks you like? i'd liek to monitor them ,maybe take a trading position if u dont mind sharing . i do ZERO fundamental analysis
I'm up overall on the year cumulatively across all accounts...but i'm a little fomo'd that I didn't crush it in the past month. i've only added about a third of what I wish I would have.
mostly tech, staples, and a company that collect pmts for municipalities across the nation. gold (and miners) have been steady throughout.
I'm getting an itch to add...so I'll fade that feeling and hold steady through most of this quarter.
mostly tech, staples, and a company that collect pmts for municipalities across the nation. gold (and miners) have been steady throughout.
I'm getting an itch to add...so I'll fade that feeling and hold steady through most of this quarter.
