Monday, May 23, 2011

This is why we hedge....


1. Line support.
2. Doji.

Either this is the end of the dollar rally, or a painted chart.

I took ACME PUTS just encase they are fucking us around. If we loose on the PUTS we get out and minimize loss while our PM's rally to make the trade a wash.

This is why we take very small bearish positions, take quick profits, and wait for more confirmation.

I am suspecting a tiny rally on the QQQ to test the MA this week, or drop off a cliff. You choose.

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