Monday, January 27, 2014

Pick of the week for Wk5: stand by for hoped-for short term fall

I'll obviously be biased by my move the past few days. Again, I unloaded all of my DNL and BDO, substantial of MEG and TA, and some MBT, hoping these will 'cool-off' a bit before I reenter.

So the pick of the week is to observe these five to go lower by 25% of their recent increases. Most of them jumped by at ~15%, so I would like to see them go down by  3.75%-5% from their peaks or before  I enter again.

As usual, since we are not yet in a clear general uptrend (for the market overall), our entries will be in minimum tranches.

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