Southbound stations for snacks and drinks on the way to Station $10 or Station Oblivion $76 $63.5 $53 $43 $28.3 = last ditch effort to stay alive and relevant below $28.3 its projection target to $10. Note: American Express can go bankrupt anytime but most likely time will be during the 3rd of Wave 3 = between Price $63 - $42 Advice: take full advantage of reward points asap
AXP short details in post #1 here http://www.elitetrader.com/et/index...ression-2-underway-as-of-july-25-2014.285762/
1st station @ $76 at top of list above is almost reached. That's why NoDoji showed up on my price chart - long-legged? Yeah. Smiling? If so there will be a green bar to follow NoDoji? If so could be rally. Yawn! Significance of $76? = 3 peaks from year 2013 to catch Price and hold him up and perhaps rally? But dig this - where is the AXIS of these 3 peaks? Why of course its at the 23.6% Fibo retracement of entire 2009 to 2014 run @ $76. So don't be surprised to see a rally here. YAWN
Volume was up too = last spurt? If so, buy? Just thought-ing But long-term DAILY timeframe SHORT es el camino correctamente Negra Modello para todos mis amigos
%%%%%%%%%%%%%%%%%%% Thats a real good sector to short =big banks/finance.Top trader Jim Rogers went short big banks i think [jack schwager top trader books], in 1986, during a bull market. coeve red some time after the 1987 crash. 10 year candle chart, for BAC, C, KEY, UBS, ZION,are real bearish, good DOWNtrends; but Wells Fargo, AXP, 10 year chart is bullish Uptrend, sure they most all go down, even WFC,APX, in a bear market.......................................................................................................... Citigroup is even more bearish than it looks they reverse stock split[10 to 1] so a $ 50 Citigroup stock price is actually $5/penny stock. Also i like gold ;its uptrending, long term .Also i checked out IBD[investor business daily, composite ratings]; BAC, C, KEY, UBS...... are horrible, IBD composite ratings . One trader shorted citigroup EARLY said ''fundamentals WIN in the end. '' There are several ways to not get shaken out on early shorts; reasonable position size, + options..................................................................................................................................................................................................... Wisdom is profitable to direct Also BSC, LEH, fannie freddie same sector ; good downtrends.LOL Most community, local banks are run much better than Citigroup,LOL. NOT a prediction
OK amigos, rally also called correctly and its now time to watch out - 60-min. for rally nice uptrendline, if broken @ 87. AfterLOS and family are out of the water re: short-term aka premature ejaculation trading There will be no further follow-ups re: short-term trading as it cuts into my p****y time So only Daily timeframe updates or of course other super important info re the outfit itself and especially how it begs the government for another bailout. Use up your points now or lose them forever. Fly first class Cathay Pacific, its my #1 recommendation - I was one of only 2 passengers in the section, slept like in Paradise, all courtesy of American Express as AFterLOS nails the top when they are still in a good mood and sentiment is high so its easy to bully them into giving me what I want. But once the sentiment turns sour they will be up to their old tricks again like they did in 2008. Slicing up the card and trashing it. Adios Amex.