Wednesday, February 10, 2016

Feb 10 - Added shorts

Bear flag in IWM
 Still room to go on stochs and action is soggy.  Perhaps a bottom mid next week?
 Rejected at gap fill

1 comment:

Doug said...

Great call. After I saw ur post, I added shorts on Wed when the S&P was still up 16 pts. On panic this morning, I might cover. But, like I said before, so far in 2016, it's paid to stay short.

I'm worried about China when it reopens (HK just a warm up?) It could go the other way for a relief rally, but everything is so rotten there, the whole casino is likely coming down.