Friday, April 8, 2011

08-April-2011–Killing the second Dragon.

Buy $

Sell $

Sell Short $

Buy Back $

Stop Loss $

Profit / Losses

Duration

17.63

 

 

 

17.10

 

 

 

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

 

  1. Basically same reason as what I just posted on FAZ.
  2. Double top formation at DJIA, expect weakness.
  3. Intraday SPY chart clearly show weakness sets in (pls refer to the FAZ post just half an hr ago).

 

Lesson Learnt:

 

  1. Again, same like FAZ, timing was not good. I should have been more patient.

 

Intraday Chart

clip_image001

 

Historical Chart

clip_image002

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