Tuesday, August 13, 2013

The cleanest short there is - (WHR)

If someone into shorting individual stocks - here my "gift"

Stop around 137. I think it has potential go to 120 at least. Not overnight of course ... they do not trade overnight at NYSE





Bonus chart - (GLD)

It is in corrective uptrend of wave C, will set high probably by the end of August, has potential to go to 135-140.

Then it might be followed by directionless mess - in short- the easy short trade is over for now. But my thought is that gold is and will be for a while in the bear market (remember - bear market might be sideways as well)



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