Hubert Senters here.
Let’s take a look at MMM, Missouri Mining and Manufacturing. I believe is what the companies called. Nice little short with all the volatility going around this thing still looks to me like it wants to go lower so it has taken out this low here at $159 and it’s now working on $154 area.
If it breaks it can potentially go to the area of down in this area right here of about $136 or right now, take support and resistance with a grain of salt. There are areas of interest. You know it’s never going to be $136.22. It could be potentially $139-ish down to you know $134-ish. That’s being super accurate in reality support and resistance kind of reflect this $147 to $134.
But I’ll go on a limb here and say it’s probably going to $140 to $134. That’s MMM potential short make sure you use a stop-loss.
Mark Helweg is going to be doing a special webinar on on ‘’How to Potentially Profit from Huge Market Moves without Predicting the direction,’’which would be very helpful in today’s market. It’s going to be Wednesday, October 9th at 8PM EST. I’ll HYPERLINK you to the sign up page.
Good luck. Hope it helps. See you on the next video.