Matt, when you show the world markets breaking under their
trendlines, are you suggesting that they are shortable here?
And would you use 2x short ETFs, like BZQ for Brazil or SMK for
Mexico (401k)?
Wow, that BZQ really rallied today, came out of a nice
base.
as far as your question, I didn't suggest anything when I showed
the video, just showed it for informational purposes and an update
to my Monday Foreign Newsletter. If you see something that
stands out, do it if wish etc. From my observation, most of
the world indexes looked the same on Monday and could have been
shorted. Now quite a few have broken trendlines or wedges and
could perhaps be shorted on a bounce back to retest the trendlines
etc
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Video - A look at the World Indexes
Posted by matt on 21st of Jan 2010 at 05:32 pm
On Monday I sent out a newsletter on the world markets; well I just made a quick video update to show how they've changed since Monday.
http://breakpointtrades.com/jing/2010-01-21_1602.swf
Trading World Indices
Posted by twins on 21st of Jan 2010 at 10:09 pm
Matt, when you show the world markets breaking under their trendlines, are you suggesting that they are shortable here? And would you use 2x short ETFs, like BZQ for Brazil or SMK for Mexico (401k)?
Wow, that BZQ really rallied
Posted by matt on 21st of Jan 2010 at 10:35 pm
Wow, that BZQ really rallied today, came out of a nice base.
as far as your question, I didn't suggest anything when I showed the video, just showed it for informational purposes and an update to my Monday Foreign Newsletter. If you see something that stands out, do it if wish etc. From my observation, most of the world indexes looked the same on Monday and could have been shorted. Now quite a few have broken trendlines or wedges and could perhaps be shorted on a bounce back to retest the trendlines etc