Fri, Feb 27, 2015, 6:02 PM EST - U.S. Markets closed


% | $
Quotes you view appear here for quick access.

JPMorgan Chase & Co. Message Board

  • 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!

    Not shorting yet, but ready!

61.28-0.30(-0.49%)Feb 27 4:01 PMEST

Trending Tickers

Trending Tickers features significant U.S. stocks showing the most dramatic increase in user interest in Yahoo Finance in the previous hour over historic norms. The list is limited to those equities which trade at least 100,000 shares on an average day and have a market cap of more than $300 million.