Sunday, May 5, 2013

Charts 05-03

Expanding the Jaws of Death into a more balanced shape, looking for a sharp E-D into the end of the week and a possible short entry.

Balanced megaphone

 The higher we go, the further we have to fall.

SPX 05-03

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1 comment:

Trading Sunset said...

I do like those jaws of death, but what about the Transports?

If tranny 7000s, that is sp'1800s.

I agree though, it just makes the fall even harder, but I can't see anything <1400, even if an autumnal mini-crash.
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For the moment, its just crazy for anyone to be short the broader market.

AFter all, QE...continues.

May 6, 2013 at 12:12 PM

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