"As a technician, I feel that there are few analysts that offer value for me, but you do. Your work on Gold ratios has helped my analysis greatly." --Jordan Roy-Byrne, CMT (The Daily Gold) 4.9.10

Tuesday, December 21, 2010

QQQQ... Still short

A commenter asks if I am still short the cube.  Yes, not [yet] to the point of cursing this pig, and not at all surprised by the robo Santa action, but a bit annoyed none the less.

I am trying to take a the view that this and a couple other shorts are are against many longs that are generally doing well in the PM space.

Also, it sounds revisionist but as noted in NFTRH115, I got a hunch about FTEK and bought it back on the last little consolidation, and picked up an un named little speculation on a beautiful inverted H&S pattern in case the party runs a few weeks.  But yeh, I am still short QQQQ for now.