17th Sept 2010 – Another shot on the Dragon.

Now…. This is definitely not funny! Take me few cans of Tiger Bear before I called the shot.

Input:

1. Pretty much same for me to Short JPM.

Buy $	Sell $	Sell Short $	Buy Back $	Stop Loss $	Profit / Losses
13.15				12.65

 

Reason for Buy / Sell / Sell Short / Buy Back:

1. Pretty much same reason for me to Short JPM.
2. FAZ has been staying at the range of $13.00 for 4 days already.
3. MACD bullish up.
4. Long term chart shows double bottom and looks like a bottom isolation island.

Lesson Learnt:

1. Pretty much same reason for me to Short JPM.

Intraday Chart

Historical Chart