Take a look at DTG. This is one that will be ripe for the picking once the markets make a move. I have been trying to short this one for the past 3 weeks without much luck. Lucky for me the stops were easy to be managed so losses were minimal.
Once the time comes, this one will be going south FAST. I am still amazed it made it this far here.
Afternoon Chris; not looking like we're going lower today...any thoughts; also, have heard th term "GS" in these message streams...what is that? Thanks....Steve
ReplyDeleteYeah I am expecting more upside until Monday/Tuesday next week.
ReplyDeleteGS = Goldman Sachs, the market manipulator =)
There is an interesting article floating around on the web in regards to that. Great read - I'll look for the link later.
I heard today about it on msnbc. major allegation in rolling stone magazine. it may pick up some heat. bottom line every one is scared of GS --president, senators, congress, other banks etc. It is a god father of the world. they were able to get 100% plus profit from AIG--bilions.
ReplyDeletechris you are right not much on down side until July 1.
Thanks...sometimes we (I) overlook the obvious. Steve
ReplyDeleteyeap that rolling stones article. Google it for the link =)
ReplyDeleteIf we get back to the 930 range by tuesday. It will be a PERFECT case.
1) end of month window dressing
2) head/shoulder on the daily
3) 5 minor waves up off the 888 low
4) Completion of major wave 2 (888 low to 930 as a 61.8% retracement)
5) spinning monthly candle (do not care of its red or green)
As a result, we will get 2 strong monthly bars down completing a full 5 wave down move with an approximate target zone of anywhere from 780-741 by the end of august.