TGOD And TGOD.WT Bearish Move Review

When an asset class goes vertical like TGOD has done after its IPO, then the people that were in the original IPO would be very rich! There is one big trick to all this as all investors have not made a single dime, until they have sold out. There were well over 2 million shares traded today and I bet many of the IPO investors are dumping to lock in their profits. The worst thing we can do is chase this bull market, but to wait until a good correction is visable.

I try to avoid single stock commentary but I can’t help it.  🙂 I show a “B” wave top in Minor degree as it syncronized well wth the peak in HMMJ.  TGOD could crash so deep that it will shock most participating speculators.  TGOD could retrace its entire IPO move if we are close to matching the HMMJ ETF pattern. No Price support is going to help us here if a 100% retracement is going to happen.

This is the warrant chart  for TGOD and the “B”wave top is just s reference point to the HMMJ pattern. TGOD.WT could fall well below $1.00 before it could be ready to bottom.

I’m sure TGOD is not inside the HMMF ETF, but it can still act much like HMMJ. Only time will tell, as to how well they will syncronize with each other. As far as I can tell from the HMMJ ETF is that we are correcting, but not finished at this point. Once I see a sufficient correction has taken place then a full set of 5 waves up should follow.  (5 waves in Minor degree)  Any trader should not miss 5 waves up in Minor degree, as that is the most exciting thing you can ever experience.

We are going to get swamped with good buying opertunities, but there are only a few that know how to catch a, “falling knife”, in a  “C” wave crash!

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