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.
stopped out of GLD yesterday for -25%. Holding off on reentry and maybe will enter if we drop another level. SPY on the other hand is crus...
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...