An informal presentation of technical analysis, market ratio analysis, psychology and macro fundamental opinion... along with whatever else is required to stay on the right side of the markets. The premium NFTRH service takes all of these and more to the next level.
"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10
Thursday, March 8, 2012
SPY & QQQ 60 min. charts...
These are the two items I remain short against, with pretty well defined limits on the positions. They are there as backup to my belief that the stock market is in a bad risk vs. reward setup to the precious metals. If I am wrong, the loss will be limited. As it is, the positions are both still green and I added a bit this morning.
Pssst... this is a blog, not investment advice or formal analysis. Do your own DD and don't make any trades based on what you read on this or any other free blogs.