Gold stocks are the only sector on which I am bullish in an intermediate term time frame. But here is another really bearish looking chart of an NFTRH trader - not to be invested in due to management's penchant for OPUD (over promise, under deliver). Most recently, I had bought the pain in JAG but upon further review, think I will just say thank you for a small profit and skulk away for the time being.
This 'portrait' view of the chart really accentuates the H&Sie looking pattern and quite frankly, it repelled me immediately upon viewing it.
I like these portrait views and plan to use them a bit more often. The pattern is all scrunched up and more striking than on the really wide charts I usually use. Right now I have no problem holding the investment gold stocks and awaiting further investment/long term trading opportunities. But for anything else, I will shoot first and suffer any regret - if applicable - later.
This is how I manage portfolios by and large; traders, holders, a lot of common sense and also a spattering of nonsensical activity (in hindsight) as well, which is why I do not stock pick for people or recommend anyone do what I do. We get the macro right, pick some good assets and equities and we be fine.
Disclosure: Neither long nor short JAG at time of writing
JAG - Head & Shoulders Top?
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