Monthly Archives: December 2011
Today price actions showed bulls weakness. Looked like it is time for the bears to take over the markets after 6 days of hibernating. Below are my guidelines for tomorrow. I’m, however, path A bias.
Looked like the S&P 500 created a reversal bar on Friday. Originally I thought of path A. However how the Asian markets react to the news early Monday make me think of a possibility of path B.
What a powerful week for the bulls! The two huge gap ups on Monday and Wednesday put traders who shorted on the wrong side of the market completely. I was one of those. The huge gap ups with no movements … Continue reading
As mentioned previously on Nov 30, I sold all my longs too early on Monday and missed this week rally. In addition I was a front runner on shorts and trapped with them. My excuse is traders would find harder to exit … Continue reading