NO BIG DEAL!!!!!
Hey Shorty Chart Know It All ,,
You Are Beginning to sound "Desperate"
YES ,,,,NEWS IS COMING,,,,,VERY SOON!!!
Will U Cover???
Oh my...once that 50dma crosses down thru the 200 dma...it's light's out in London :)
Gotta run...have a great weekend gang :)
Sorry to be the party-pooper here, kids...but today does not change a thing in the DOWNTREND. What you saw today is commonly referred to as a "bull trap". Bull traps get the bagholder/new buyer all excited by putting in a one day pop back to major resistance levels....only to see the rug pulled out "fromunda" soon thereafter....leaving all new buyers scratching their heads.
Well looky thar...I do believe MAGS closed right at it's major resistance level of the 200 dma...to the penny even. Just above (10.90) is yet another SOLID STEEL wall of resistance. Get a clue kids...if you bought today, you've been duped. Enjoy "reality" next week. Let Itsa show ya'll how its done. The astute trader added short today right near that 200 dma. Easy $$$$$ kids.
Have a great weekend! :)
You are quite comical. Let's see how quick your pie hole gets shut next week when MAGS does what it does best. Poor kid, you simply just don't get it...LOL.
Good Luck ;)
Wash, rinse, repeat.. Do you see the pattern blah blah blah chart this, chart that ,blah blah blah . . I guess it was a good move buying more below 10, you really are going to learn the hard way.. Times up.. Wake up ,time to go to school.. You don't wanna miss the bus ( the small one ) GOOD LUCK
OK...I'll tell you all why MAGS is such a great short here. First, you have a STEEL WALL OF RESISTANCE in the 200 DMA, then the 50 DMA which is right above. But even more important than that, you have a confirmed DOUBLE TOP looking at the big black stick at the end of May, then another big black stick (a lower high) just last week. The subsequent fall back through that $10.00 mark has the double top confirmed.
Bottom line, MAGS is headed lower from here. Kick and scream all you want kids...but the charts don't lie. I don't trade on hopes and dreams...I trade on reality.
Good Luck and have a great weekend! :)
ANyone know why MAGS is so feeble whenever it crosses up through that $10.00 mark? Anyone know why MAGS will get slapped silly on subsequent bounces above $10.00? TA 101 stuff here, folks. Sorry most of you refuse to accept it ;)
Oh my...the "Cross Of Death" coming up for MAGS. Once that 50 dma drops down thru that 200 DMA, it's all over folks. I wouldn't be surprised to see MAGS hit $6.00. I know, I know...MAGS will be a "screaming buy" at that point, and "big news" will be just around the corner...LOL :)
Add to short on any bounce.