It is my duty to inform you that today $SPY price action constitutes a confirmation of yesterday bearish hanging man candlestick pattern.
Take a look at the daily chart below. Yesterday price action tried but could not take out the high of 04/11/2013 and a hanging man candlestick pattern was formed. Today down day confirms the bearish sentimental. Be wary of further downtrend this week.
Below is the primer on Hanging Man candlestick pattern:
Be safe!
My 2 cents.
Comments »Today I took my medicine and it tasted quite bitter. These were liquid medicines so I would have to suffer the taste of it.
Below is a list of my medicines (from mild taste to yucky, err..):
$DNDN
$GLUU
$CERS
$DNN
$MELA
$BCRX
$SZYM
I cut losses from the above medicines. Believe it or not, after the medicine, I feel a whole lot better!
Have you taken your medicine yet? What? None of my business. Oh, ok… hey, take it easy, no need to give me the evil eyes…
Raised my cash level to 42%
My 2 cents.
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