Wednesday, May 13, 2009





Less than 15 minutes to go, not much conviction up or down so I'll close everything out

SKF











FAZ


















JPM















MS


cover MGM and short JPM



MGM















JPM

short MS instead

guess I need to brush up on trading big dollar stocks again, stopped out  FSLR


SRS is lagging so I sold it and short FSLR now



market momo returns to the downside so I'm long SKF SRS FAZ again. MGM contines melting lower



SKF











SRS

















FAZ


markets rising so I'm out of SRS 


















and SKF

GS has no momo  now so I will wait until it does

markets are saying not yet to a pile drving plunge so i will take  the  $ in BIDU
MGM making new lows




Since the market has been rallying lately and people are all positive again, when a sell off comes it really picks up speed as the downward spiral accelerates.
When people buy a stock, they research and deliberate a lot and fix various profit levels in their minds. They are careful in their decisions. What I like about shorting is when it starts to crash, all reason goes out the window and they panic, eventually selling at any price they can get. This is a great opportunity for traders with level heads to make better choices and go with the flow.
I don't know what the market is going to do today, it can skyrocket higher or pile drive lower, but at the moment I can see a lot of weakness and droopy chart patterns so shorts or inverse ETFs are the right play.

1st chart shows SKF rising




2nd is SRS rising



GS falling







BIDU falling