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 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...
I am liking the set up for XLE a lot now and XBI I am hoping for some settling so I can board the train. Maybe within 1-2 weeks? Missed ...
Didn't make any changes Fri except close the GLD short as the miners + silver started showing strength and an oversold signal on the 2 h...