Thursday, February 23, 2012

Rising Wedge-- bearish?

Notations on chart, click to enlarge
I'm still net long in my trading account, but have instituted hedges with QID and DZZ.  Other holdings include long positions in UNG, CVX, X and TBT (short Treasuries). All are swing trades for a week or more.

8 comments:

  1. I would like to comment about how can technical analysis account for the unexpected sudden death or illness of a guy like steve jobs. A sudden unexpected major lawsuit against a company. Even a unexpected earnings suprise on the downside..What about a takover offer for a company that nobody was expecting. I have nothing against technical analysis Although I remain skeptical about it but I do find it interesting to listen or read watch videos about it. I am at heart a fundalmentist when it comes to investing because I believe that invariably and in the end a companies stock price must at some point reflect the performance of the company.

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