Trade: short CCJ.
eminent double top failure / pullback off the double top.
Opened at 22.87 on 8/21/12. partial position, full position at double top mid-23′s—
i did a detailed CCJ study / post , in my members area.
I tried to show one what to look for, in order to reach these conclusions for one’s self.
as soon as SLB gets above its May high, it’s a winning short. bt street by 5%, so i guess, that’s good enough to take out its May high. above 78, would be the ideal short entry!!!
any short entry above 71 = 200 day will win, for you see…SLB, just a matter of time before the market retests its 200 day. all you need, is enough time, and the price (71)will come to you.
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The former Massachusetts governor and the RNC have raised at least $389 million to date, less than the $512 million Obama has collected for his campaign and the Democratic National Committee, according to federal disclosures and Monday’s announcements.
TRADING RULE #208 AND i have about a 1000 of these rules—-
HE WHO RAISES the most money, WINS!!!
The regular news channels, also release these figures. this ones from (Reuters)
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my best guess, pullbacks late aug,(jackson hole) early sept,(EU meetings) and another one early oct,(pre-earnings jitters) then presidents rally until dec
