RE: 7/31/17 Follow along as @alexmorris and I try to save J.C.Penney (JCP) from Jeff Bozo and Amazon

[joejustjoe]

Yazzum, still trackin JCP. It signaled sell on last week'smove thru $4 so we will see if it moves on to my new n improved n loooower buy point now. I will put up a new JCP spewage board/board if it runs to 4.50+ for better short entry...or moves on to my buy. But you can see on teh chart that the higher price above $4 on the lower RSI reading (below 80) also signaled it "might be" time to exit the trade. The previous high was 3.97 two Thurs ago.

http://bigcharts.marketwatch.com/advchart/frames/frames.asp?show=&insttype=&symb=jcp&x=38&y=14&time=18&startdate=1%2F4%2F1999&enddate=2%2F18%2F2017&freq=7&compidx=aaaaa%3A0&comptemptext=&comp=none&ma=0&maval=9&uf=0&lf=1024&lf2=2&lf3=8&type=2&style=320&size=4&timeFrameToggle=false&compareToToggle=false&indicatorsToggle=false&chartStyleToggle=false&state=11

Comments

[carlperna]

Cool I see, looking forward to the jcp spew

[joejustjoe]

BIG trade coming short the mining stocks via GDX. You can also go long, strong, (and potentially very wrong!) DUST. I was a tad too early on that entry...but it'll buff out just fine. :-)