as noted below 1 week ago, were going into the 1300's....positioned long with metals(AGQ, DGP, GDX) and TNA for past week.
Effective volume said we go higher 1 wk ago...talking about news is for suckers...news moves mkts for very short term only.
You guys wont make money day trading.
Quote:
Originally Posted by mact3333
a bullish conviction bar today(we finish strong in upper 1/4 of bar) means were headed to 1300...1220-50 theory doesnt look likely now due to ECB/FED/CHINA money printing scheme...but thats ok...we just need a trend doesnt matter which way really.
Positioned long metals this am...money printing means metals should show strength...todays close very important...if we close strong which I suspect we will, I can no longer be bearish for the ST/IT...LT I am very bearish.
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