Tuesday, October 7, 2014

Oct 7 - Thinking ahead for long positions

In an effort to keep my future longs in check, I will be looking for at minimum positive divergence and multiple retests within a short time frame to aggressively go long again. Looking back, it was clear that this was more of a bounce than a bottom.  Almost every intermediate bottom in the past couple years has been marked by a lot of this trashiness, as marked in the yellow boxes.




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July 11 - GLD sucks

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...