Tuesday, November 11, 2008

Possible bullish wedge on SPY - 30 min chart


If there is more low volume saucering and a big up move on good volume, SPY could have a solid move up. Would prefer to see one more cycle within the wedge for more confirmation.

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Feb 17 - Large short position now

Very bearish now and looking for a retest of lows in 2-3 weeks.  I have puts in SPY, AAPL, GOOS, and GLD.  Calls in RIG  every major dro...