"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

Thursday, March 8, 2012

SPY & QQQ 60 min. charts updated

Well, we all know how this usually goes; bears snatch defeat from the jaws of victory.  I meanwhile, sit comfortably short these two things because a) I am not nearly net short due to a perception of better risk vs. reward in the precious metals and b) I have my limits.  Oh and c) I am a crappy bear anyway and have no ego related baggage in play :-(

Still, neither the SPY nor QQQ has disqualified the bear case yet.



















http://www.biiwii.blogspot.com
http://www.biiwii.com

No comments:

Post a Comment