January 27, 2012
IYT : Transports ripe for reversal
Great reversal pattern on IYT here. Really like the candle and the failure.
Regarding the SPY , we had the spike at $133 yesterday that I mentionned in the last post on January 19TH (Click Here).
I don't think the markets can rally to new highs anymore.
Short GLD and QQQ.
January 26, 2012
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