TZA, QID, TWM and MTL.
this morning, things just get cheaper…
May 28, 2010
the best setup in a bear market
is the major accumulation day like this…
i out some short positions this morning when we break out the neckline of the HS pattern. if i were in front of the computer, i will definitely add position back at the end of the day. so if the market gap up tomorrow, i will load up some bullets.
if we see from the bull side, 1140 is the target for this HS breakout. once we can get there, then it’s party time for bears…
again, i never doubt the bear market is over though lots of my comrades changed their view along the way. sometimes we have to keep some faith…
May 24, 2010
More drop in SPX
This is a very deep channel… i hope you’ve out all long positions at the last correction as i outlined there: http://rollinglines.blogspot.com/2010/05/chart.html
every ST high is a chance to add short position…
still holding TZA and QID, adding my favorite MTL back to the short list ; also short EUR/USD and GBP/USD……
May 17, 2010
new low in EUR
break below the 2008 low tonight. what a night…
many things are lining up for a crash… let’s see how this probability game goes on…
May 13, 2010
1.46 target reached
If you were shorting GBP with me, at least 300 pips in the pocket right now…
more downside to go. As I said earlier, GBP will make record low in 2010/2011…
May 12, 2010
GBP good short opportunity
if rally to 1.5, target 1.483, then to 1.46 region…
stock market has show a nice rally, we are about to turn head down soon….
May 9, 2010
bullish monday
as my last drawing shows, we will see some rebound very soon, possibly next monday. 1150 now serves as the resistance and then 1200. 1200 should be the ultimate goal for this rebound…
for the downside, there is a lot of room, even a huge crash in sight. let’s discuss that after the market flip over again…
May 7, 2010
A chart
i really hope all the boom we saw in the past months are true and we can get away from the recession. however, it seems we are getting to the point that every corner of the world will be affected… this could be a reason i am not happy at all after a huge change in the account…
if still sitting on any long position, this rebound might be the last chance…
May 3, 2010
1150 in sight
it indeed gapped up and fade at the line…
move stop to entry price and will hold the short for a while. a key support at 1150…
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