Wednesday, August 5, 2009
Quick Heads Up
This is just a heads up that there may be a new trade today toward the end of the day. The trade will probably be either SPXU or BGZ. There is the possibility of a bearish engulfing pattern in the indexes today right at a major resistance point. Recently the market has not closed near its lows, so if it does today, then that is all the more reason to see an engulfing pattern as a possible change in power from bulls to bears.
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as a side note, I got stopped out of JST at 34.00 for a 3% gain this morning.
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