Wednesday, November 11, 2009

Looking to Short 'soooon'

Well what a call....this baby ran like a man being chased by his 'lovers' husband - LOL

But the 'brakes' are starting to be applied....for the meantime

this could be a 'rest' period before another leg-up or result in a Lower top on the XJO.... BUT note; we have now re-entered the up-trend - very similar to June/July.....interesting times

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Important to note is that the DJIA has gone on to make new highs while the XJO seems to be caught in a 'rut' - seems like the bulls are running out of cash or cashing in their profits....very interesting

Now this chart is why i'm looking to short. I think this rally - especially the DJIA still has legs to run...will be very interesting

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safe trading

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