Molycorp, Inc. Message Board
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Technical Read
So after 3 days of consolidation she has a decent pop back into a sloping channel. A 50% retracement from the drop out of the wedge (day of the JPM downgrade) would be 40 -41. The 20ma is at 41.44. I think she can there in a hurry if the market responds favorably to tomorrows employment numbers.
Longer term I will leave that up to trading/investment gods.
BTW If the SPY can get above 119.53, it could be a game changer. The bears are looking to short, sensing we will continue to make lower highs. If we break out it will be dramatic.-
Will see
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yeah, would be nice if we traded in the 37-41 range today.
that seems to be the range most technicians are looking for
clear signals to go short again as we flirt with the 40's. -
holiday starts at sundown, so it's not an issue.
it's not the type of holiday observers travel for. -
If she gets through yesterday highs it should get to 41half
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Second string traders today due to holiday, there all long.
I disagree humbly -
not really nice, just not - not nice...
world markets were flat, so after a pop open,
we should see flat trading going into the weekend. -
Does anyone know if Kaas covered his SPYs today?
- 1 Reply to dwlmgtd53
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I sold all call options today. Read link to find out why. The perfect storm. I went short on spy
http://www.pippamalmgren.com/77.html
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