18 March 2011

Simsci : Disconcerting

  • Disappointed by the lack of a bigger bounce in Simsci post-G7 intervention.
  • Core book is heavily skewed to the No Deflation camp. Negative technicals for Simsci charts make this a good hedge for the book.
  • Monthly : Rising wedge = very bearish.
  • Weekly : Double top downside objective exceeded = down move going to extend.
  • Trade : Just sold some SSGH1 @ 347.70. For now, am hoping this goes against me so I can build up the short.

No comments: