A perfect measured move! W00t!

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A perfect measured move! W00t!

I’ve been following the sinking of assets around the world with great interest. Precious metals, in particular, which I’ve been jumping-up-and-down bearish about for many months, are getting absolutely ravaged, and my oft-cited target of “between $1250 and $1300” is already here. I haven’t had a chance to see if we can go further, but I’m happy with the chart, obviously. (more…)
Yesterday I shorted PAY, and I lucked in to a great profit today. I had no idea earnings were coming out (I’m a chartist, after all; I don’t track such things). I looked at the chart and thought, “where there’s smoke, there’s fire”, and after the huge gap-downs, I figured the recovery PAY had seen would soon be reversed. Little did I know it would come so swiftly. (more…)
