FAS/FAZ for New Week 4/27

Stress test result is postponed. Damn manipulators!

 

What is the game plan for today?

 

I'm looking for a good short entry, but everything is indicating oversold on a short term basis....And I don't encouraging in oversold levels.

 

Well I should have stuck by my guns as I keep telling myself, I could half left FAZ at a profit if I held out for this morning. I always seem to have a good idea where the market is headed, but then I continue to second guess myself.

 

picked up Jun09 (9) calls for FAZ

 

What's going on w FAZ....did you guyz see that dive?

 

S&P touched yesterday's low.

Double bottom.

 

Thanx. I stepped off the desk for a second and the S&P double bottoms....crazy market.

 

Actually, a triple bottom there. 2 yesterday, and another one.

But I see a flat bottom pennant forming.

Bearish.

 

If my chart is correct, the bottom just broke...