401
today, 4pm sys said to cover shorts, take profits, and immed reverse long
however, imo still more downside after bounce, i am not taking gains on uvxy personal swings, tho the autotrader obviously took the 4pm trade signals
358
4pm swing system will never do better than individual good trader, but has been giving good results long short on upro spxu for those who only like to look at chart once a day at 3:55 PM
since the 4pm sys is purely algo based, individ traders can always outperform it
355
imo spy is not short term oversold, more down coming
would need sideways another week to get oversold, or 1615 spx to get oversold,,,just an alt view
351
nice followthru on selling since it started 2 hrs ago...still see lower for swings
242
daily SPY SPX IWM QQQ from May 21 are showing coils, imo these coils will not break to upside but rather form a bull flag instead, and the success of the bull flag is questionable if it forms, based on current multi day weeks data. flag instead of coil would be lower spx spy and higher vix uvxy vxx, then will need to see if the flag succeeds or not...
217
749 and 840 still trgts on uvxy for now, for mid term swing piece of it, 1/3 each...with no specific trgt for final 1/3
214
starting to see some selling here on ES....watching to see waht it does. still on 4pm swing short "hold short position" from prior post
and today nugt gave nice buy back opp from shares sold yest at 1147. still see 30-100% swing trgts on nugt
and even higher nugt multiweek timeframe.
similar potential in NUGT to prior AMD doubling in price, tho it takes several weeks to materialize sometimes
Trades can be viewed at the links below.
http://www.marketwatch.com/game/christopherstockguy-100k-port/portfolio/Holdings
For details on the portfolio see this posting:
* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".
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