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JPMorgan Chase & Co. Message Board

  • tradersbase2@ymail.com tradersbase2 Jun 15, 2012 7:02 PM Flag

    Trade Strategy To Call a Top In JPM

    Hey everyone.

    Just doing some analysis on JPM and the market, and I think I have a pretty good opportunity. I'm doing Demark analysis and identified the level of 36.50-.67 as a potential climax topping point.

    The Demark analysis target is actually $21.71, so it's a longer term trade contingent on a bear market occurring (I think the top will be Monday).

    Supporting the prediction is that JPM is exhibiting classic "dead cat bounce" behavior. Statistically, when a stock has an event decline of 20% or more, 80% of the time, it will continue lower.

    There's a video here with the risk management strategy and the trading strategy. Super low risk, very high reward!

    http://www.tradersbase.com/2012/06/14/jp-morgan-dead-cat-in-bulls-clothing-active-target-of-21-71-video/

    Not shorting yet, but ready!

 
JPM
55.22-0.04(-0.07%)Apr 17 4:00 PMEDT

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