As we discussed....

The market continues to grind down since the doji star formation. Check emails for strategy. We may continue to stay out of the market; however, there is some support here at the 200-day moving average. Stay tuned.

Where to Mister?

The market is churning around and it seems to be getting very tired. The 200-day moving average is attracting both the bulls and the bears. The whole sovereign debt issues are getting boring and traders are getting tired. The technicals continue to say lower; however, nobody knows where to go. We will stay on the sidelines for now. Check emails for strategy updates.

The Perfect Call...Now what? Redemption!

The Perfect Call...Now what? The Doji Death Star...TVIX from 38 to 62 in two days. FAZ 35 to 45 in two days. Volatility explodes! The best month in 30+ years destroyed in two days. Call it redemption. Georgia beats Florida....I guess WSR is redeemed. Any questions? I didn't think so;)

Check emails. All those that stuck with us have been vindicated plus... in just two days!!!!

We missed a month and made it up in two days.

Print it.

Trade: FAZ sold @ 44.75

Sold toda open for a nice 20% gain.

Doji Star plays out.....Death Star

The bearish formation played out perfect!