Discussion in 'Journals' started by Buy1Sell2, Dec 23, 2016.
No obvious choice other than to stay long--
Learn to embrace pullback. You need it to find places to get long.
IBD charts are still using 50 day simple moving average, uptrending[lagging LOL, yes]; one of my favorites is 50 day exponential moving average on SPY, is as of today's close=$233.74, lagging also.Its a good measure .TGT stock is still way below 50 dma, 200 dma , a bear market, for many months.NOT a prediction.
Thinking Crude Oil be coming down?
Possible, but short term trend is up.
Why always the disclaimer?
2440 - 2500 target. Maybe still opportunity to get long under 2338.
How far under 2338?
The low from 3/27 - 2317. Not sure if it will get under a 3rd time.
Lets see if we can move this well above the 57 mark today. Yesterday we only made it to 61 area. Let's at least move it above there.
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