Friday, April 8, 2011

08-April-2011–It is time for the Dragon Fight again.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

38.65

 

 

 

37.40

 

 

 

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

 

  1. DJIA has reached a double top formation **I don't mean that it will not punch thru the top**
  2. Indexes like SPY suddenly show weakness.
  3. A curvy top for the intraday SPY chart.
  4. Bank stock like C is facing resistance at upper trend line, expect them to go down at least for a while. This will be a good entry for ETF like FAZ.

 

Lesson Learnt:

 

  1. My timing is not good enough.
  2. This ETF is very hard to trade. Be very careful and alert.

 

Intraday Chart

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Historical Chart

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