double bottom on the 5 min chart, stop @ 175
Comments »
Joined Jan 27, 2008
7,405 Blog Posts
What I’m Watching
GOOG: Bought @ 549.43
CEDC: Bought Calls
Loaded up on the June 75s for $0.95
Comments »Late Night Observation
Via Stewie
Comments »“I cannot help but notice how little concern I am seeing on the behalf of the bulls at the moment. This makes me think that we are only at the beginning stages of this decline, not the ending stages.
If this decline ends up being a 3rd wave down, then this decline could be very long and painful and will burn a lot of ‘buy the dip’ traders. it’s better to trade with the down trend and use rallies to reposition shorts. notice the VIX barely moved up today even given the massacre in equities. that spells complacency.”
