Starting this week, trading the PCCRC is going to be difficult, at best. There won't be many candidates, not only because the I.V.'s have exploded and should begin to decline, but because there is not going to be much activity during the holiday seasons.
I already told my wife that we should plan a relaxing vacation, rather than stay at home and let the days go buy without any big surprises or news that could cause any stock to jump 10% after good earnings, increased guidance or product release.
Those that recently discovered my Blog because of my talk at the Las Vegas Traders Expo, should take this opportunity to prepare because starting in January, the companies will begin to release earnings and then we will see how the economy really is.
According to my Elliott wave forecast, it would not be surprising that the S&P500 exceeds 1000, until inauguration. After that, though, There will be one more test of the lows, before we finally end this nasty bear market.
In the meantime, let us all see this extreme volatility dissipate during the holidays. Perhaps then we'll find good candidates.
Those of you who have lost much, but have a few PCCRC trades that are profitable now, let me remind you that the success of the PCCRC has a great deal to do with the selection of candidates based on a carefully constructed set of rules. I'd rather have cash in my account than to have trades that were entered while breaking the rules.
Enjoy your holidays and keep the hands off the mouse until a decisively good candidate shows up.
About Me
Subscribe to:
Post Comments (Atom)
5 comments:
Hi Juan,
This month would be a good time to study and practice the PCCRC, do you have your past trades available as a Platinum share transfer?
Thanks a lot.
Phil.
There would be way too many trades to transfer.
You may have access to the account's statements if you join my group.
I think I am already a member of your group. Unless you have another group. I've been with 'stock of the day' for a while. Maybe you could do the Platinum transfer 20 or 30 trades at a time; do it in a few separate transfers?
Phil.
Hi Phil
If you are in my group, I can only verify that with your e-mail. Why don't you post a message to the group or send me a direct e-mail?
Thanks
Juan
Hi Juan,
I guess I don't understand this blogging stuff at all. I thought I was posting comments to the blog all day today. Also, I thought you have my email there, showing in the blog. I'm not sure what else I can do. I paid the $100; we've emailed before more than once. Would you like to see my driver's license?
Post a Comment