Wednesday, March 23, 2011

Irony in charting

Sometimes, when I bring up old charts with trendlines that have been living on these charts for a long time, for so long that I cannot even recall then reason why they got on the chart on the first place, it is nice to see market behavior when such trendlines are touched.


Two bigger yellow trendlines ( outlining “horn”) were on that chart since the beginning of 2010 and the one in the middle was drawn in October 2010.  Dumb luck again, but that was a big part of my decision to ease down on short (long puts) position I was holding.


blog comments OCCASIONALLY powered by Disqus