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Still short. Friday sucked, today was nice. We should move to new lows. However, this is likely to setup a nice reversal once again. Trend is your friend though. I’m starting to see weekly oversold kicking in today which typically means its going to stick on Friday. Which further means that we will go lower …

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Which pattern is going to happen? I think there is a chance of both. A possible slip to touch support and a pop. If we gap up and run we gap up and run that is fine. However, I moved back to the short side adding EDZ, FAZ, and the 2x inverse funds. The reason …

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I’m still short (heavy since 8-14-10 close). Today I panicked a little bit and closed out my FXP, FAZ, and EDZ with the morning pop. I also sold VXX as well, but I didn’t tweet it. Losses were all small in FAZ, VXX, and some EDZ positions that were bought late Friday. However, I had …

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When I posted last Friday, that the market is oversold and I don’t care, I should’ve cared. It would have been a lot better for me to have waited that one day for a relief of those indications to place my shorts. However, I didn’t. Today the market acted correctly though. Since we are now …

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Well yesterday I said I was looking for the SPX to hit 1073-1074 based on the previous day’s trading action. SPX closed at 1073.69. The actual number on the low end was 1073.65 so technically .04, but I didn’t post that number, so lets stick with the 1 point range for a minute. SPX closed …

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