"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.


















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2 comments:

  1. At what point does a bear flag become an uptrend? :-)

    ReplyDelete
  2. Roughly the trend lines. No biggie. Balance... ohhhhmmmm

    ReplyDelete