Tuesday, November 29, 2011
Follow Up 29-11-11
I have not changed my bearish stance, however when ¾ of your unrealized puts profits disappear in a single trading day you kind of wonder.
11630 should hold as resistance for the down move to continue, definitively 11000 is my first target, based on the broken channel, also there is some intermediate significance at 11000
Some long resistance at 11230, 10530 would be a target if 11000 broken.
Let's see today action
- ► 2012 (48)
- ▼ November (12)
- ► 2010 (24)
- Erick Stern
- I am a civil engineer who likes charts, to me, speculating in the markets is both a hobby and a second profession and in my view the stock market is the most honest environment, since it is only your knowledge and preparation that matters. I live, and work in the construction industry, in the Dominican Republic. I read and answer all my mail so please feel free to write email@example.com Thanks, Erick