Wednesday, June 27, 2012


Yellow zone is resistance where there is confluence of 50% retracement and trendline. If it clears this zone, could go significantly higher. Eurozone crisis may be already priced in to a large degree in the market.

1 comment:

MP said...

It may go your way, but you should use your indicators because they are telling you something other than bullishness. At least right now its not bullish. Know how to use it in the right way. JMHO

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...