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Tuesday, March 13, 2012

Staying the Course For Plan B

Plan A failed as last week's red gap did not follow through.  Now the plan B is for double top with bigger correction than plan A.  The prices in SPY has been rsing in the past 4 days, but the MACD on the daily has been dead flat.

We'll have a green gap this morning above last months high, if no follow-up for the rest of the week, the MACD will confirm negative divergence.  Also, today would be the fifth green day and a red day would be due, according to the price actions in the past 3 months.

It's painful holding the shorts (VXX TVIX SPXU TZA SDS SH), but I am staying the course.

1 comment:

  1. Still staying the course for Plan B? (e.g., holding shorts).

    Feeling your pain ...