Sunday, September 30, 2012

Cable as Bearish as it Gets

It doesn't get more bearish than this. 

A kickdown from the intermediate time channel B100 line, followed by a

kickdown from the B177 shorter term channel (very steep BTW),

followed by a bear flag and now a retrace.

In the past when I have seen things "this clear cut" is when the exact opposite happens.    However, I am taking this one short at triple the normal size bet.   Stops are placed 3 staggered places, and would result in substantial losses.

No comments:

Post a Comment

Insightful and Useful Comment!