Monday, June 8, 2009

Falling Wedge Scary for Bearish position

http://screencast.com/t/JHRbhGNC8Mx

For nightime ES there is huge open interest, never seen before.
But for a bear, it may be best to pack away one's loot and hibernate until the next battle shows a clear win.

The falling wedge is ominous, buy at low market and call it a night.

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Insightful and Useful Comment!