The market managed to rally all the way back to the 50 day ma again today and in the process invalidating the potential bearish head and shoulders I posted about yesterday. And should the market put in a higher low then we will have a bullish pattern as and Ascending Triangle targeting 1460 or a bullish nested 1-2 (if you believe Ascending Triangles are only continuation patterns). So we'll see how the market reacts to the winner tonight..
I bought Gold today and will wait and see on US equities.
Long Term Portfolio: 100% Long (China and HSI Markets Only)
Short Term Trading Strategy: Sold XIV position from 10/25 at $16.10 (there goes my coffee!) - Bought XIV @17.64 as of 10/19.
No comments:
Post a Comment