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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Aug 25 - Re-entered (again) GLD short, long LVS, AMZN, NFLX, SHAK

I have been stopped out twice in last few weeks trying to short GLD.  I have a pretty sizeable position of Nov/ Dec GLD/ GDX puts. Also ha...