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Colorado/Scotland, United States

Friday, 24 April 2009

GDX

Been buying it. Bought some yesterday right before close, but sold it now. Still have some from about a week ago. The momentum move should have started today. Should see 38 soon
LOW short and JPM

Friday, 10 April 2009

JOYG


This is a chart that illustrates a nice bottom formation. When I start go long this will be a top candidate. Near 20 is a great entry, in fact I will be waiting for my first entry at that price.

Thursday, 9 April 2009

UPDATE


Sorry been fairly busy. Not much to add, still waiting for my indicators to reach their tops, which are marked by the X's. As I stated before this is the first counter trend rally. Please reference chart.
To answer the questions I am still short CBRL and will remain so. I am feeling the heat, but in time it will behave better for the shorts. Other than that I am pretty flat. Still long FXI and DBC. Once Stochastic gets above 80 Im short and all in.
I like SBAC short at 29 and SPY,QQQQ no numbers yet but I will post them when I enter.

Thursday, 2 April 2009

QE

Finally a true counter trend rally. Longs should not get married to their idea that this is a bull market.
When Japan started QE they had a surplus, the individual had savings and had been saving for years. The U.S. on the other hand has none of those. The Nikkei rallied 19% when QE was announced then proceeded to lose value for the next 3 years, its ominous how things are acting in the U.S. at the moment.
I will post the top of this rally within a week or two when it happens.