Exactly, I am not interested shorting from the tip top. I’d rather see a breakdown, and a re-test of the previous support. Once the resistance is established I will be shorting too. But until then picking tops is a good way to lose money. Until then I’m long and have been nothing but long since September.
The one problem with that Goldieee is that once a key level is broken you will miss the move down, as by the time you get short the selling is almost over and a short squeeze rally will follow. Of course you could just sit out the first major wave one down and wait for major wave three to happen later this year. That one is going to break a lot of bulls! LOL!
Like I said before… Forget shorting until a key resistance level is broken….Until then, expect your balls to be handed back to you after they are ripped off.
Forget a false flag – real war is around the corner, with the first shots taking place in bond market. Check this out – haven’t seen it reported in MSM but really scary.
I have been reading all of your comments and feeling your sorrow as I have been a bear since August as well and loosing my shirt and than some. The only trade I made that was good was investing in SLW but by the time I was getting more agressive even that start loosing money due to the recent regress of silver, however I am still bulish on the silver on the long run, but this is the only thing I am bullish on even though I am starting to regret that dearly. I have post on my new blog some great videos and links to articles about what is to come with the dollar devaluation and inflation that is on the horizon. If any of you don’t have nothing better to do this weekend stop by my blog and your comments will be great appreciated. Sorry I have not been able to install DISQUSS just yet, small techincal problem http://www.aninformedmom.blogspot.com
Great weekend everyone and really enjoyed your postings…
Exactly, I am not interested shorting from the tip top. I’d rather see a breakdown, and a re-test of the previous support. Once the resistance is established I will be shorting too. But until then picking tops is a good way to lose money. Until then I’m long and have been nothing but long since September.
Cup and Handle pattern of Goole: http://niftychartsandpatterns.blogspot.com/2011/02/cup-and-handle-pattern-of-google.html
The one problem with that Goldieee is that once a key level is broken you will miss the move down, as by the time you get short the selling is almost over and a short squeeze rally will follow. Of course you could just sit out the first major wave one down and wait for major wave three to happen later this year. That one is going to break a lot of bulls! LOL!
That’s just more proof that the dollar will collapse… but the “when” part is still unknown? Nice read though… Thanks.
Nice chart GSSpy… I hope you are correct on that, and I’d just be happy with a 15% drop right now.
You are here….illustration. PX price and time similar rallies.
http://kbsctrading.blogspot.com/2011/02/you-are-here-2132011.html
Like I said before… Forget shorting until a key resistance level is broken….Until then, expect your balls to be handed back to you after they are ripped off.
Hi Red,
Forget a false flag – real war is around the corner, with the first shots taking place in bond market. Check this out – haven’t seen it reported in MSM but really scary.
http://timesofindia.indiatimes.com/world/china/China-ready-to-go-to-war-to-safeguard-national-interests/articleshow/7482264.cms#ixzz1Dngi7fee
What do you think?
Good luck all
Muzza
Weekend update post is now up…
I have been reading all of your comments and feeling your sorrow as I have been a bear since August as well and loosing my shirt and than some. The only trade I made that was good was investing in SLW but by the time I was getting more agressive even that start loosing money due to the recent regress of silver, however I am still bulish on the silver on the long run, but this is the only thing I am bullish on even though I am starting to regret that dearly. I have post on my new blog some great videos and links to articles about what is to come with the dollar devaluation and inflation that is on the horizon. If any of you don’t have nothing better to do this weekend stop by my blog and your comments will be great appreciated. Sorry I have not been able to install DISQUSS just yet, small techincal problem
http://www.aninformedmom.blogspot.com
Great weekend everyone and really enjoyed your postings…