Hubert Senters here.
Let’s take a look at an example of a mistake that I made in another video I was doing. I was talking about Netflix and then I used NKTR because I had it on the five minute trying to look nice on Netflix that’s NKTR.
Anyway it ends up being another good example of a short that is below the cloud dropped, gap down situation consolidation attempt of a cloud and a failure of an attempt. So in this example it looks like it’s going to go a little bit lower.
I would say it’ll probably go down and re-visit those most recent lows around $17.19 and here’s why I messed up. I was talking about Netflix and I was talking about how I like this indicator that Mark has developed on the internal NYSE tick that will put the ratio in a color on top of what you’re trading.
Then if it’s a market proxy it’ll help you know whether to go long or short that thing. That’s what this is do. So this is an example of me messing up on another video but this is an actual good example and there would be a short here, would be a short and obviously all this red is a short.
Now you have to decide are you going to do one red bar and you’re good to go or do you need two, three, four, five or do you need $50? Hopefully you don’t need $50. This is an example of a five minute chart. I wouldn’t assume you know anywhere from one to five should be enough on a five minute chart. If it takes you longer than thatyou may not want to mess with that thing.
I’m going to HYPERLINK you to a registration form. I think Mark’s doing a webinar tonight at 7 o’clock. I believe is a 7 or 8 on Mark’s webinar? 8 o’clock. I am wrong again. 8PM EST. I’ll HYPERLINK to the form.
Good luck. Hope it helps. See you on the next video.
Hubert.
