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"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.