- Rank: 50
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- Last Update: 20 May 2019, 12:40
Congratulations to all that followed my trades.
I'm also long LABD, which is doing pretty well.
LABU broke down from the middle trendline, and not only broke down, but gapped down after a shooting star at the 13 ema. LABD the way of the future for now.
5/18 - Shooting stars closing at key levels on a lot of indices. I think that SOXS and TECS look strong. I think that SOXS will probably go from 6 to 10 or so, and that TECS is looking in the mid 17s.
If LABU gaps down, I'd say that Friday's close was the best it's going to be for a while. I think LABU might get 30 soon.
Gold looks really bad. Probably the 1260 level is the last line of hope for the bulls.
The dollar broke out of a wedge and looks bullish with UUP targeting 26.8.
Thanks for coming to my page, and for your votes and follows always!
My stochastics revolve around derivatives of the fibonnaci sequence. 13/5, 21/8, 34/13, 55/21 all approach the asymptote at y=2.71828. 2.71828 is given the variable 'e' and is called 'Euler's exponent'. It is the exponent used in compounding growth or decay in finance and for bacteria and plants and all living things!
By comparing the 'power' of the stock to the natural derivative of growth for finance or all living things... you get buying and selling signals. If 5 is greater than 13, then the power is greater than the ratio 13/5, or 2.71828.
The 13 ema is often the first indicator of a bull/bear trend, and the 43 ema often serves as support/resistance for the intermediate trend.
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