Trade Alert For Monday November 11, 2013
I want to thank Gary and the group at Dumb Money Tracker for the consistant flow of new users / followers here at Forex Kong! Hopefully some of you still maintain a small chance of “seeing the light” or possibly even making some money with some sound trade suggestions!
The Kongdicator has “finally” issued a formal signal on the Nazdaq that would have entry approx 4 hours from now so…..Monday will certainly do.
The entry signal is “short” people, so to be clear – I will consider “selling” not “buying”. This is fantastic news really, as this “melt up” has been a long and drawn out affair, and has kept alot of people “out of the trade”.
I will be looking for significant strength in JPY as well as we “should” likely see “risk” sell – along with tech stocks. When risk sells off money floods back into Yen as we’ve discussed here a million times over.
There are plenty of ways for stock traders to take advantage of this also….and perhaps over the weekend “we can all chip in” and post / comment to put some creative ideas on the table.
I generally don’t enter markets on Sunday night / Monday morning so…take my advice…let this play out through the day Monday and have a look at the close.
Getting ahead on this and doing some solid research over the weekend could be a very valuable exercise for many of you, as you already know…
“I’m very often early…and rarely ever late.”