Replies to post #3993 on The New CS Board

[rab120]

I don't know whether it is a bear or a bull trap, but the tail above 200DMA is very impressive. We will see.

[ahimsak]

I got a short term sell monday, but did not take it. bought some gld again today, but not willing to short or go long this pattern. If i had to say which way we break, would say up, but if we dont break up soon, could be bear trap.

bottom line: We got overbought, not doing too bad to work out the condition to either break up or down. Not willing to bet on this pattern. But gold is a no brainer for the short term.

[Oddlot]

SPY trading short was stopped out at the opening. Holding trend shorts.
Oddlot