Tuesday, December 23, 2008
Monday, December 15, 2008
Looks like a very ugly bull flag. I dont like how it fell out of the channel last week but the diminishing volume looks promising.
Does seem like the market is waiting for some kind of news.
If the auto bailout occurs and a solid rate cut, we could see a very large move up in the markets.
But if the big move up doesnt happen within the next couple days, the upward pattern will probably fail.
I'm going to let the market do its thing this week and probably stay away from new positions until Friday unless something very good pop...
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...
Jumped back in on the open as it looks like we have a short term trend change. Annoyed it decided to leave without me but worth the chase a...