Tuesday, November 16, 2010

Let's short the market!

It's just 10 am but market shows clear signs that is going south for good. Daily DMI has turned red for all indexes, we have a bearish EMAs crossing from yesterday and price has slipped bellow 5 days SMA. Only a miracle can save bulls now.

I just loaded SQQQ. Let's hope we are not going to get whip-saw.

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