Friday, January 22, 2010

Dark Shadows

Oh, a storm is threat'ning
My very life today
If I don't get some shelter
Oh yeah I'm gonna fade away
--Rolling Stones

Using even a crayon, the uptrend line on most indexes from last March lows has now been broken. 50 day MA has also been lost. All of this on increasing volume.


Lots of things coming together. Simple technicals, trend exhaustion, structural, political.

Will be looking to add to my short position given the right set up next wk.

position in SPX

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