Thurs thoughts

1223
does anyone see the bull diverg on VIX chart, 60 min? price:rsi with lower low price but higher rsi?
vxx and uvxy have it too

1220
BTW i use GDX to do analysis and then "apply it" to nugt...cuz i dont like doing analysis on 3x leveraged instruments due to decay and other "games"

1218
MM not Inv bank have a buy level on NUGT at 583 and 562. and some Inv Banks likely would buy 5.62 if it got there. those numbers are good TODAY ONLY

6.23 and 6.45 are the Inv Bank sell levels and they almost always stall at the buy or sell level.


1215
imo nugt gdx long not short is trade for swing, but needs 4-8 more hours before entry per the 60m chart
if one has no nugt, and then 50% size here could work. but i already have some and will not add here, if i didnt have any then i might consider half size here.

* 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".