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Jeff, again great videos - THANKS! Don't know how you find the time.

Hey Jeff, on the Marketcast, Eric described the X trade as "broken" and suggested that it should have been exited on Friday at the big run up. I could see that if the trade were a swing trade, but the trend still looks good on the intermediate term. I don't see any broken support yet. Do you agree with Eric's comments on X w/r/t the "broken" trade?

Andrew

If you are in the trade, the comments don't apply obviously. If you are not, I would agree until a better entry signal is offered.

Thanks Jeff. That was my view as well. Obviously, the exit depends on the rules of the trade. Seemed a bit categorical in saying it was broken and wanted to make sure I'm not missing something.

To give some credit where credit is due, Brett has made some nice calls lately - I like the way SPF and IMCL are shaping up. Thanks dude.

Jeff, there are not enough hours in the day to even begin giving you your props:) Muchos gracias to you to Senor Kohler.

-Stephen

JCOM is setting up for a bounce, 3 - 5 points in as many weeks. Might be a little anticipatory today.

Where is everyone, this is a quiet day...?

AMLN looks to me like a nice entry as a bear flag play today. If anyone else is seeing something different there, please let me know.

Chip, I like the looks of JCOM - but I am definately waiting for the confirmation like you mentioned. Thanks.

Stephen

Entered UNFI today. I looked at it yesterday, but waited on confirmation. I think in this type of market environment, I will be more conservative.

Long: BCE, AKS, MUR, SNDA
Short: UNFI, KOMG

JCOM looks good. I have it on my watchlist. AMLN is also the list, but will wait for confirmation.

Have a great day all,
amy

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  • I'm Option Addict
  • From Saratoga Springs, Utah, United States
  • I am a professional trader and an instructor for Investools. I've had relations with the markets for 9 years. Born in Concord, CA, but reside in Saratoga Springs, Utah. Father of THREE, Husband of one.
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