Yes, they are very nice charts. What would your long-term target be on the RUT with that chart? I haven't studied harmonics too much but even the trendline over the tops shows resistance.
TSLA is about 60% of the market value of GM and F now, both of whom probably produce more cars in an hour than TSLA does in a year.
Lots of calls for much higher prices. Give it a few weeks/months before it becomes the next AAPL and never materializes.
You could've asked this question at any point in the last few years. Who knows. It is scary how fast it is run up and it will of course correct but who knows when?
This is a good chart. I'm not too familiar with the harmonics patterns but even the top resistance line looks pretty solid. What is your target with this pattern?
It could still go higher. It's gone to like 300 a few times but that's over about 35 years. Generally, it averages 130. I am short some shares outright but mostly short JO 50 calls for June. Coffee has to go up to like 250 before those calls are even profitable to the buyer and if it trades up there, it won't last more than a few weeks.
Short term it is. Long term, it is between 3 and 5 probably 85% of the time. I take advantage of that and usually pick the product that has the best risk/reward (i.e. shorting DGAZ or KOLD calls if NG is at 2.5 as there is little downside).
That's why I'm saying coffee will be a great short this year. I've dipped in but I think it can go higher. Unfortunately, there aren't many coffee products.
I don't trade futures that much. RUT has been in a channel for months though. I would sell the top of that channel (looks like ~118 on the IWM). If you tell me your user name, I'll look at the chart or do me a favor and post it so it shows up on the IWM market pulse.
Short UGAZ, was short calls last week, short UNG, short BOIL bear spreads and short BOIL calls way OTM (leverage decay). I had some monthly MAR 24 puts too but I ended up selling them back for roughly the same price (small loss). I don't like buying options for obvious reasons (which is why I sell them) and I realized that my timing was probably wrong.
I don't know why so many on the UNG board thought that EVERY OTHER FUTURE CONTRACT dating out to 2026 was wrong and would jump up to erase the massive spread on the March contract. Sheesh.
There are some really funny people here.
Go buy some then. The fact that it's $491 on one exchange and basically $0 on another tells you all you need to know but go ahead and give them your money.
Then they were probably in on the con. That's what Bitcoin was. A fly-by-night designed to steal millions of dollars. There's nothing legally wrong with what they did either. No wonder the founder, CEO, etc. are in hiding.
Remember I said the offices of one of the sites looked like a completely empty apartment? LOL. This was a scam since day one and guess what? It just destroyed the credibility of any other potential virtual currency. Buy hard assets or PMs if you're afraid of a currency collapse.
No need to patronize us. I admitted when I was wrong and you should do the same. Don't be egocentric. APR will not go to 6. I think your max upside is 5.5 but it could dip under 4 just as easily.
THey only got in a few weeks ago. They had to have lost money.