Pot closed below 177.71 which happens to be the 38.2% fib line (bearish), the 50 sma is just about to cross the 100 sma (bearish), the 50sma line is also the line the funds look at and this line is sloping down (bearish)next fib support at 157 and then 137, stochastics (daily chart) have curved down from overbought (bearish)
Weekly chart--- MACD line looking like a ski slope (bearish), first fib support 174
Bullish sign is that pot has so far never broken the 200 sma on weekly chart, currently at 161
Also watch the Gustav tropical storm it might help with pushing oil up,
my current strategy--- short every pop or bounce
??? Sorry, that post was way below my ability to comprehend I have no clue as relevance of your post to anything substantial. Are you really laughing at Plano Texas - one the richest cities on the planet?
from plano texas????? lmfao , and u call me a bozo??? go join your dumb friend on "her" thread and stop trying to tell me i wont be here next tuesday...look at my user name created in 1997, been here a lonnnng time..BOZO
Unions and strikes are a problem, but always a temporary problem. Long term, POTASH is money. Short term, you may be right - or not - if you are, you will brag some more, if not, you will disappear. That is what makes all the responders, both supportive and hysterical, seem like amatuers. Are you going to be here "next Tuesday" offering blow-by-blow reports on what you did and how you see things?
What is the point, but to flex your hubris like so many countless numbskulls on message boards? Union problems and strikes are always always temporary - if not, the workers are left huge losers compared to the company. It will resolve itself - it has to, and with strong fundamentals in place.
For traders, there many other places better designed to advise your gambling if that is what you choose to do besides this bozo. For investors, buy the dips, hedge with puts or sold calls and watch the fun long term.
You read it here: Financials will crumble; Oil will be back at record highs; Commoodities will press on; the U.S. Dollar will fail.
I hold a couple thousand shares long however remember...Things are until they are not. Very simple. It astounds me how most of the rhetoric here revolves around cuddling each other as it drops. This equity will go lower. I was hoping for insight here but I see a bunch of people in the corner huddled around a candle waiting for the morning sun.
Hold out until November you will have your $200.00. Or if you have the cahonies it's time to go short even at this level. You will pick up 10 points there abouts.
Intertrader, You are indeed entitled to your voice & there R "others" who R not confrontational & do appreciate your insight & skills as a technical chartist soooooooooo ignore & why bother communicating with negative responses.....We have seen you on several different boards & it's too bad others do not know you & how helpful you have been to many others on several different boards over a long period of time....................& as you know many people have thanked you & stimulated their thinking & trading....
They may not like INTERTRADER's style, but he is right far more than wrong. Yes, he bickers with the cheerleaders, and I'm not really sure why. Entertainment perhaps? If you weed thru his POT posts over the last few days, he's been spot-on with this pullback. He will jump to the long side when the opportunity arises so he's not a "short", he's a trader. And a pretty successful one at that. Keep 'em coming INTER.
its apparent that many on this board dont want me to show you the truth like i have done in the original post, they have ulterior motives or are paid pumpers and dumpers, fact is you can buy pot lower and at safer levels....dont feed the pumpers........
P..I don't know where this guy comes from but obviously it's for his own agenda, like Cramer, you make a lot of sense and make in depth discussion but this person has only his self interests at heart. All the best