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10/04/2014 – Ebay

  • Ebay

EBay, EBAY:

1. Our previous indication for eBay was a weekly bottom due on the week of Sept. 15 (this bottom occurred one week early, during the week of Sept. 8) with substantially higher prices expected.

2. However, our most recent update indicated a likely retest of $51.00 on the downside expected on or around Sept. 22 prior to advancing off the larger weekly bottom.

3. Unfortunately, EBay was unable to complete a retest of $51.00. The market hovered for 5 consecutive days at or above $52.00 before breaking out to substantially higher prices originally expected. This was unusual behavior and likely resulted in a loss on the position. Will message any further entry or indication.

David Williams

CFTC RULE 4.41 – HYPOTHETICAL OR SIMULATED PERFORMANCE RESULTS HAVE CERTAIN LIMITATIONS. UNLIKE AN ACTUAL PERFORMANCE RECORD, SIMULATED RESULTS DO NOT REPRESENT ACTUAL TRADING. ALSO, SINCE THE TRADES HAVE NOT BEEN EXECUTED, THE RESULTS MAY HAVE UNDER-OR-OVER COMPENSATED FOR THE IMPACT, IF ANY, OF CERTAIN MARKET FACTORS, SUCH AS LACK OF LIQUIDITY. SIMULATED TRADING PROGRAMS IN GENERAL ARE ALSO SUBJECT TO THE FACT THAT THEY ARE DESIGNED WITH THE BENEFIT OF HINDSIGHT. NO REPRESENTATION IS BEING MADE THAT ANY ACCOUNT WILL OR IS LIKELY TO ACHIEVE PROFIT OR LOSSES SIMILAR TO THOSE SHOWN.