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Direxion Daily Financial Bull 3X ETF Message Board

  • gapdownsouthretires417 gapdownsouthretires417 Nov 4, 2009 8:16 PM Flag

    hammond draw the broadening wedge down channel 60 min spx

    when you notice that formation and visualize where that lower trend line stops u will know and i will know the ultimate bottom of this move down.

    i'll link it just in case u have a way to view it.

    http://stockcharts.com/h-sc/ui?s=SPX&p=60&yr=0&mn=1&dy=0&id=p33472066747&a=182300565

    for the record hammond i digest all that you post and read in the charts with an open mind. after all in the stock market the more people digesting the same data the better the conclussions.

    just remember my view goes out months while i set my trades thinking weeks inside those structures.

    i have puts on spy out the money puts for next december and i placed them in stages towards expected targets so i'm not posting what my money isn't trading.

    if i'm wrong i'll be licking a few wounds but most of them will be worth more than i paid long before them anyway even with a normal corrective wave.

 
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