Replies to post #1039 on Andy Bear Picks

[andrius]

that was close. start shorting bounces now for lower highs or wait for confirmation on trend break first?

man missed this last swing down. bought big SPY calls 5-10 min before bottom, got spooked with flush sold way early on bounce. left big $ on the table.

[surf1944]

The averages have finally broken down to point where the chart support is now gone from the 50 & 200 DMA, you have to look at the 200 WMA at Dow 14000

http://stockcharts.com/h-sc/ui?s=djia&p=D&yr=0&mn=16&dy=0&id=p90029751166

Long funds in OIL & GOLD....

surf1944 10% long 50% short & 40% cash