Friday

336
see GDX? If it closes here or higher, it closing right at resistance on the daily chart,,,thats bullish because its very easy to get OVER resistance if the stock gaps on the next day....always be mindful of stocks that "close" on support or resist levels....its very easy to break the next day, and when it breaks it triggers stops,,,,in GDX case it could gap over 2420,  then trigger a move to 25/26

259
added more ung, buy #2, swing

256
: just bought initial starter position in UNG at 23.68...buy signal triggered 78%
still will add to it at lim 22.85 but looks headed higher now


253
"failure" to test 23.30 today on ung...would be bullish imo...as it means that some buyers showed up ABOVE the Inv Bank buy levels

248
y: good for today only,,,i will book some gains on GDX NUGT if GDX gets 23.47
still see vdx to 50, so will only sell part of it, and will try to buy back next week if it gets 24.47 today

223
23.30 was a prior Inv Bank level...almost ALWAYS a stock will bounce back to those buy levels even if it pierces below it,,,have posted many examples of that in the past

the Inv Banks have simply dropped their bids, because some of the smaller banks and retail may sell here, and they just want it cheaper if they can get it

221
a normal thing on UNG would be: break 23.30 lower, break 22.90 toward 22.80ish,,,,then later go back over 23.30...tho not back over today if it hits 22.80

219
** i just dropped my bid on UNG
now 23.01 lim order, not 23.30

144
good for today only, i have a lim order to buy UNG 23.33 if it gets there, lsat 23.78, for a bounce to first trgt 24.73 then stall, then pb, then higher. swing

i'm using the 1x ung not the 2x or 3x because i dont want to deal with decay. willing to hold this awhile and add to it. 50% position size if filled

1031
60min charts on SPY IWM XLF have bearish Head Shoulder patterns....for some it might be easier to see the bullish inv HS on fas tza

1013
UNG is lower 3.2% this morn but should be ok for swing longs, i have not bought any UNG yet but might today

we mentioned yesterday that UNG might go lower today, before higher

1012
but nugt is up 6% this morn, still have the nugt GDX PFE longs

1012
well 4pm sys left some profits on the table with its early exit swing long yest...usually it would have held longer as posted, but it took an early exit because the prior selling was harsh and it was at resist and 29 other reasons LOL

* 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".