Hubert Senters here.
Let’s take a look at Amazon. Yesterday, I did a video and sent it out to you and saying that Amazon was almost a buy. And there’s a difference between almost a buy and an actual buy. So in this case you see Amazon rolling back into the cloud
which makes it.
If you use the regular terminology buy hold or sell this would be hold right now because this is in the cloud. For me I look at things slightly different than buy, hold and sell. I look at it as hell yeah, that’s a great long. And then if it goes below the cloud I’d say hell yeah, that’s a great short.
That’s how I look at it. But I don’t work on Wall Street so that’s why I’m different. But anyway, great looking here. And you ride it all the way until it breaks the cloud by one to three days. It looks like it’s going to do that. I thought yesterday it was going to climb back above and we could got long some Amazon and ride it to new highs.
But the whole market decided to sell off today. Yesterday, it was a watch for a potential long. Now, it’s like hey, watch we may get a potential short. So this is kind of like a transitional period where you go from long to potential short but you need to let it trade one, two or three days above the cloud or one, two, three days below the cloud in order for you to pull a trigger.
Mark Helweg is doing a special webinar tonight at 7PM EST, How to Potentially Predict Big Swings in the Market Using Nature’s Own ”Golden Ratio.” I will HYPERLINK you to this registration page.
Good luck. Hope it helps. See you on the next video.
Hubert.
