Thursday, October 1, 2009

Downtrend confirmed

I could post some charts and discuss them here but it has already been done in this video. In fact, my mentor has done a much better job of it than I could. (The video is highly recommended.)

If, after watching, you have questions, you are welcome to ask here, in the chat room, or in the FTV forums at

I enjoyed making 11.74% on my FAZ investment today. I hope you also benefited.

Click for larger, browser back.

As you can tell from the SPY daily chart above, it is too early to totally commit to short positions, but after tomorrow, the support line I drew in should be broken. From there, large shorts will be less risky.

1 comment:

  1. DMI looking none too pleasant. Could bounce the 50. Take note of DX Z9 macd since 9/23.