Wednesday 4 March 2015

March 4, 2015









18 comments :

  1. Nice call, I bought @ SPX 2089.33 (D of the bullish bat), closed with +10 points.
    2nd chart shows another potential bullish bat for tomorrow's open...

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  2. excellent charts, I followed you on that SPX long at 2089 and closed at 2100 yesterday

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  3. Bouraq, your target of 2102 is correct? would it be reasonable to hold for the top of the red channel at 2120?

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  4. Good question and that's entirely possible but it first has to break up 2103 to do that and I didn't want to risk my gains. I think we will find out very soon if that declining channel will be formed and if it will be a bull flag. Breaking up 2103 is long entry again.

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  5. Nice Sam. Glad that someone is making use of it.

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  6. A rally to 2120 is possible but it needs to break 2103-04 first.

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  7. I wish NatGas would pick a direction already. Looks like it is breaking UP this morning.

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  8. What's your position Chuck? What are you trying to do with Natgas?

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  9. I have a small position in DGAZ. Looking to ride it down a few percent to the bottom of the channel at/around 2.400. I'm about to hit my stop though (at 6.70 in DGAZ). Must keep a tight stop with these 3x ETFs or they can destroy you.

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  10. Well, you are playing with fire then. I've been burned with leveraged ETFs already. I don't come near them again. Futures or CFDs are more suited for me.
    These last bits of a trend is always very painful and slow. The same with Natgas. I reckon it will be choppy but still my target is 2.4 until proven otherwise. This rally should reverse around 2.83-84.

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  11. if you taking Long WHEAT what would you stop be?

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  12. DOW tested orange band for the 3rd time, 4th touch breaks down?

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  13. Below 18057 is a certain break down.

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  14. Your WHEAT charts worked like a gem! Made good profit.

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  15. geraldine deleon7 March 2015 at 16:29

    hello Bouraq,
    hope you are well. what a wild ending to the week -- looking forward to your thoughts on SP500 and NatGas -- thank you for you work.

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  16. Glad someone is making money from my calls.

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  17. Just posted Geraldine. Have a good weekend.

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