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…  

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