Sunday, November 2, 2014

Nov 2 - All time highs and a bit overextended, short IWM

Entered a mid sized position short of IWM Friday EOD.  Very oversold on daily and 60 min time frame and printed black candle over Bollinger.  VIX also looking to reverse on Monday.  Gold and precious metals continue to slide.  I am hoping that the proliferation of breakdown posts over the internet doesn't turn the short trade into a crowded one.  There may be too many people 'expecting' a big downslide including myself.





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