This weeks game plan is to expect a bounce that will fail at a major resistance level. That will be the time to start shorting again. In the meantime, I will look to take a few positions to play a bounce. I am already in AAPL, X and USD, which are oversold bounce setups.
I hope you got out of APPL before the carnage today..
I have placed a stop below today’s low. We’ll soon know whether today’s move is an over reaction to the downgrades or the continuation of a downtrend with no bounce. >>My position is small, so it will do little damage–especially with the DUG position doing so well.