LEVERAGED..
Can be risky. Can make cash quick but can lose it very fast as well if the market turns or has a bad day
Using cup depth, some folks calculate targets using fib levels. 100% would be 57.44. Targets 1 are usually the 0.382, .618 and .786...Targets above this are usually designated as targets 2 in a bullish market. I often use .38, .61 and .79 and multiply these by cup depth to get targets 1. The fibonacci police could arrest me for rounding off though, so keep it quiet (o:
I define cup depth is calculated using the old high, and not the long entry level which is a smidgeon above the cup high to clear R..others may do this differently..dunno
Not a recommendation..
Top 10 Holdings
Goldman Sachs FS Government Instl
13.22%
Dow Jones Transportation Average Swap
8.16%
FedEx Corp
7.55%
Norfolk Southern Corp
6.85%
Union Pacific Corp
5.98%
Kansas City Southern
5.85%
Dreyfus Government Secs Cash Mgmt Admin
4.85%
United Parcel Service Inc Class B
4.83%
JB Hunt Transport Services Inc
3.93%
Landstar System Inc
Can be risky. Can make cash quick but can lose it very fast as well if the market turns or has a bad day
Using cup depth, some folks calculate targets using fib levels. 100% would be 57.44. Targets 1 are usually the 0.382, .618 and .786...Targets above this are usually designated as targets 2 in a bullish market. I often use .38, .61 and .79 and multiply these by cup depth to get targets 1. The fibonacci police could arrest me for rounding off though, so keep it quiet (o:
I define cup depth is calculated using the old high, and not the long entry level which is a smidgeon above the cup high to clear R..others may do this differently..dunno
Not a recommendation..
Top 10 Holdings
Goldman Sachs FS Government Instl
13.22%
Dow Jones Transportation Average Swap
8.16%
FedEx Corp
7.55%
Norfolk Southern Corp
6.85%
Union Pacific Corp
5.98%
Kansas City Southern
5.85%
Dreyfus Government Secs Cash Mgmt Admin
4.85%
United Parcel Service Inc Class B
4.83%
JB Hunt Transport Services Inc
3.93%
Landstar System Inc
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.