Monday, September 12, 2011

Market taste

The market taste is sour and bitter testing both the bulls and the bears. I believe we will continue to test that trendline for the next 2 days as we work off the oversold condition. The trend is down. I am invested short 20% only with covered puts. Net net, I should see the profits by the end of this week. Crossing above the trendline is only one of the indicators I will be looking for a trend change to bullish, but there are lot more indicators.

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