Natural Gas Trade Idea
Recently we wrote about Natural Gas ETF UGAZ on the ATP Free Blog site as a sample of buying the dip or using the “cup with handle” dip buying for profits. Our November 11th articlediscussed waiting for a pullback to the 30-31 ranges on UGAZ and then going long for a reversal.
Within 48 hours the dip came into the buy range, and within a few days UGAZ ran to the $38 range for as much as a 24% reversal trade gain. Even now some 9 days later UGAZ trades around $36 per share for nice gains.
Research In Motion Trade Idea
Another sample we had for subscribers was on November 7th in RIMM stock. We advised waiting for a pullback from 9.15 ranges to the 8.50-8.70 ranges. When the pullback came this is what we sent to subscribers:
ATP Active Trade Alert
RIMM- 8.64 has fallen as projected in to the 8.50-8.75 swing entry buy ranges.
This is an active trade meaning 1-5 days likely and a stop should be placed at 4-6% below your entry and NO LOWER than 8.00 for aggressive partners who take the trade.
Now on November 20th, about two weeks later, RIMM is trading near $10.00 per share. The stock fell to 8.14 during the market correction which was above the $8.00 stop and above a 6% stop loss range from entry. Partners who remained long would now be sitting on gains of 14%.
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Thanks for the update. I just wanted to mention that I am VERY impressed with your TMTF service and the accuracy of your pivot levels. I noticed some of your predictions in the past and that peaked my interest. When you made the S&P 1095 call, that prompted me to join, andI have made proportionally a lot more money since I joined your service than I ever did before. It is like the missing piece in my trading puzzle.
Thanks for the great service!
Mark J. Mazurik
This note to you is out of deep respect for your analysis (especially given the abject failures of other Elliott Wave guys in the field) on an absolute basis.
You deserve all the accolades showered upon you. Thanks for all you do.
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David A. Banister
Chief Investment Strategist