Posted by windyjazz on 26th of Aug 2011 at 01:25 pm
Most of the inverse etfs have popped out of falling wedges and
may be in the process of retesting that breakout in terms of price.
Chartboy do you see a scale into a short of the SPY holding over
the weekend? Perhaps one more push then a EOD sell into the
weekend? I hate to bring in anything but technicals but Legarde and
Trichet are in JH. Who know's what they could say! I am trying to
evaluate the next move in the pattern that we are seeing today and
what would be a trigger short.
Scaling into SPY shorts
Posted by windyjazz on 26th of Aug 2011 at 01:25 pm
Most of the inverse etfs have popped out of falling wedges and may be in the process of retesting that breakout in terms of price. Chartboy do you see a scale into a short of the SPY holding over the weekend? Perhaps one more push then a EOD sell into the weekend? I hate to bring in anything but technicals but Legarde and Trichet are in JH. Who know's what they could say! I am trying to evaluate the next move in the pattern that we are seeing today and what would be a trigger short.
ditto windyjazz. love these intraday falling wedges on spxu...
Posted by Robert50 on 26th of Aug 2011 at 03:04 pm