..well, it's not exactly headed to Heaven. first chart was posted on january 29th, illustrating the clear stair-stepping pattern in the $SSEC (Shanghai Composite). as you can see, that uptrend line finally broke down on march 6th and made a perfect re-test on march 14th (confirming the price rejection off that re-test with that huge [...]
PGJ short set-up posted on tuesday broke down below the rising wedge pattern on the 60 min chart shortly after and is now re-testing the lower trendline while also at a decent horizontal support level. see notes on the updated daily and 60 min charts below for an objective stop area on the trade if [...]
PGJ, as well as the $SSEC index, at resistance. one could short here or wait for the 60 min chart rising wedge breakdown to confirm an entry. 60 min and 2-day period chart below.
china (again) Posted by: rp on the 12th of Aug 2009 at 09:08 am still remains one of my favorite swing shorts. not sure why i don't hear much about it elsewhere... guess everyone just figures they'll go up forever. ;-) all the better if you are short. T1 remains 13 week ema/uptrendline. updated daily [...]