Thursday, May 07, 2009

Trio

Earlier today (Thursday) the 60-minute SPX model went SHORT:


This move was confirmed with a BUY on SDS:


As well as a BUY on FAZ:



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9 comments:

Anonymous said...

thx Allan, good call, I am still waiting for the red bar on your SPX weekly chart, please keep us post

Allan said...

That reversal on the weekly chart is well below current levels, just under 800 on the SPX, but should rise above 800 as of next week. I would think a better entry might be available, using the Weekly red bar as a confirmation.

Anonymous said...

How can I get more information on your Advanced GET software and BLue WAve??

rob g said...

allan,
gfre is still rising, they announced earnings next tuesday and looks like the ceo is going on a roadshow starting in new york. my question is should one sell in increments as its rising or try and hold out cause it looks like it wants to run?

rob g

Allan said...

That depends on a lot of variables, but, wow, we have almost a triple on it, taking some off the table is prudent, if you're into that sort of thing.

Anonymous said...

Forget about all this BS about GFRE and FAZ. Stop ignoring the elephant in the room -- NNVC!! That's the big winner coming down the pike. Going make these other wins pale in comparison.

Anonymous said...

Allan can I ask...what is your cost basis in NNVC?

Anonymous said...

To Dr feelgood, who I suspect is the bullish poster on NNVC: if not whoever. Making money on Allan's other picks helps to weather the huge swings in NNVC, IMO. anyone who bought NNVC on last weeks run is seriously under water at this time.

From early posts, Allan's cost basis in NNVC is 0.

Allan said...

Re: cost basis

I still have some original shares for a dime, factor in selling some shares over $3.00, been buying aggressively this past year in the $0.40-0.60 range, all across multiple personal and managed accounts.