Wednesday, May 5, 2010

May 5th, 2010

I was down more than 20 points of shorting CLF. Now I am able to squeeze small profit of it.
I knew it will go down to 54 to 55 area again. That area was the breakout point for CLF.

I am still expecting SPY to hit 113 and QQQQ to hit 46 again.

I am still under water for SPXU. Make a small profit of TZA right now.
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3 comments:

  1. BASMay 5, 2010 at 11:49 AM

    nothing like seeing morning gains wiped out in a couple hours.

    renorh

    ReplyDelete
  2. BASMay 5, 2010 at 2:15 PM

    looks like complex H&S pattern. vix has bottomed and reversed.

    spy close < 116.50?

    opileme

    ReplyDelete
  3. BASMay 5, 2010 at 2:47 PM

    buhahahaha!! NICE CALL BAS!

    I wanted to add more at SPXU 29.00 :(

    but it bounced too late .. was looking for an earlier run to it.


    phoevi

    ReplyDelete

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