Same Charts Different Day

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November 8, 2008

Support held for now.

New upward short term channel. Hmm?

The same pattern is on EWZ, EEM, UWM, QLD, UYG, UYM, SEA (dry bulk sector etf), SSO, and many other symbols.

I expect this move to get to the levels of October 3rd or close to it. Which means SPX 1099, NDX 1470, RUT 619 (but that is a little high).

Holding EEM and will look to short things like QID, TWM, and other inverse items next week.


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  • http://money-eater.blogspot.com/ Sia

    SEA is more on shipping, not specifically dry bulk, but they pretty much are all the same. I don't know most of those companies in SEA though http://www.claymore.com/etf/fund/sea/holdings

  • http://www.stockrake.com StockRake

    Long time no Sia! :D

    Yeh true, SEA has alot of oil tankers in there. Still some of those oil tankers are ridiculously cheap. Who knows though if the world is ending then nothing is cheap.

  • http://www.firecreeksystems.com stocks

    Cosco has to be a big player in shipping aren't they? I see them everywhere…

  • http://www.stockrake.com StockRake

    Broken.

  • http://www.stockrake.com StockRake

    Broken.