Thursday, August 20, 2009

ES Wedge Redeux--another shorting opportunity

One thing though, the popular media was harping on how Asia was down big on worries. Asia was not down big, it was scattered and mostly under 1% moves, which is noise....that worries me.

It worries me that the media has been leaked news of a big down, and maybe the MM's bang the tape higher tomorrow to beat on the bears one more time. Seriously, there are people out there who think it is wrong to bet to the downside. People in high leadership positions who don't understand the big picture, just glib talk and a continued "con"fidence game.

So sweet, just a few minutes later, a perfect least now I can go drink my lavender tea and knock out for a good nights sleep. Stop is moved to breakeven, and who know, could wake up to a few extra grand in the ol' trading account.

1 comment:

Insightful and Useful Comment!