3:58pm
everything as expected. trend day, close at low of the day…
3:27pm
XLF leads the breakdown. SPY will follow.
3:05pm
another proposal, this one is a little bullish. the rebound high will not exceed the 100% line
2:36pm
no rush to close your short positions. a lot more downside to go… this is really just the start… in a trend day, we usually closed at low of the day.
2:18pm
CNBC is saying that energy looks toppy now. but we say the same words 5 days early :)
http://rollinglines.blogspot.com/2009/06/uso_17.html
1:55pm
my view for next two days. someone may say i was wrong, someone may learn a lot from this chart, it’s all about the perspective…
1:48pm
if we close like this today, it’s another MDD. at early stage of a bear market, expect three MDD before a decent rebound…
1:42pm
approaching resistance again. 50ema, yellow line is my favorite…
11:53am
I wrote the intraday note last Friday noon that I am building short positions here. now these shorts are doing really well right now. one of them is JRCC. the downside starts, this one is always the leader. it still has lots of room, just short the next rebound…
11:39am
in celebration right now… you guys should be very familiar right now what is trend day and how it plays out. so just find your favorite sector and build short. a summary chart from google finance, just see how defensive sectors ourperform the rest.
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