IWM: "Attention, I am in a perfect MEGAPHONE pattern AKA Reverse Symmetrical Triangle AKA reversal formation! Short me at your own risk, for I have confounded you before and I could do so again." Top calling blogger who's too dumb, too stubborn or just maybe too disciplined to join the bull party: "Okay, I am thinking about it. You don't have any Egypt sentiment screw up tricks up your sleeve this time do you?" I am 1 & 1 w/ IWM recently; 1 profit and 1 loss taking most of it back.I went long a particularly over sold emerging market today per NFTRH123, which is against a broad emerging market short. Maybe I am thick, but I am simply not on board with the US bull trade any more and nothing is going to get me back on it until resolution of some important macro items.
Edit (3:15) Adding a couple more bearish items to the chart: Rising wedge and low volume. Not being a stock trader jock, I am not going to 'call' whether I short small caps or not because I don't want to have to micro manage this stuff on the blog. But that sure as hell is not something I'd buy. Say, who IS buying, anyway?
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