You Would Think I Like This
I am just impossible to please I guess! Either I am whining about a position that went the other way of my trade or I get nervous looking at this updated chart of my buy FURX (click for larger view):
After today I am now up a touch over 14% on this trade. Another huge candle and buy volume once again was very large.
So what's my problem?
When large moves up happen on higher than normal volume, but spread out and longer duration, that usually means someone knows something, usually good. Heavy duty accumulation and big price swings near term usually mean someone THINKS they know something and that is a bit more dangerous. This spot just got hard to get away from!
Belarus in the News
I know, Belarus is not a concern save that of the nuts and Zero Hedge readers. In any case, I feel it is important, so stop on by and take a look:
Welcome To Hyperinflation Hell: Following Currency Devaluation, Belarus Economy Implodes, Sets Blueprint For Developed World Future
Headline is a bit over the top, but the content is excellent.
Have a good night.
4 comments:
Aren't you just loving this weather we're having? Suprisingly, I am too, even though you know how I'm not a warm weather fan.
I bet you have big plans for the Steel Keg this weekend, doncha? :) I wish I had a grill. Or better yet, a backyard/deck to grill on! We'll be in your state at the end of next month, btw. The week before July 4th weekend. Wife has a medical conference to attend at Cape Cod. I'm the chauffer, so I get to tag along and play the beach bum for 4 days.
Good luck with your charts! It's all Greek to me, as you know . . .
The Big Steel Keh will be making chicken drumsticks and about 60 MOINKS (meatballs wrapped in bacon, then smoked) for a big party at a friends house. I am hoping to get the kayak out on the water and catch some fish as well, but I have to not drink too much Saturday......
Cape Cod for a mini vacation while she works, sounds good!
That was a very long headline. I was intimidated so I did not click.
This weekend I'll be pulling weeds out of my neglected garden because all my neighbors are giving me dirty looks.
Can't see me pulling weeds, can you? I know. Me neither.
Just think of it as serial killing of broadleaf invasive plants and you will do fine :)
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