At what point do all these losing trades hit your stops and you acknowledge your technical analysis is clearly wrong ? Your "wedge" theory is flawed it allows you to remain in a "wedge" for a long, long time losing money short. You also seem to miss graphing the failed "wedges" of the past. This indicates you allow bearish bias to interfere with proper technical analysis. The overall market is trending up. Where it goes now depends somewhat on news but one distinct possibility is that there will be overwhelming buying pressure from retail buyets / mutual fund managers. Shorting in this specific situation is a good way to go broke. Seen this many times before and the best money is there by going with strong large caps with decent earnings. Retail investors love these stocks. I like TD and RY on the TSX.
DOW futures still tracking mostly sideways and suggestive that short covering rally is losing momentum. http://www.elitetrader.com/vb/showthread.php?s=&postid=3142819#post3142819
DOW/S&P500 still tracking sideways - indicating short covering rally has lost momentum. Trades are posted here: http://stockmarket618.wordpress.com
If this censorship by moving my threads to 'chit chat' continues - I will cease posting at this forum. http://stockmarket618.wordpress.com
Recurring DOW/S&P500 buying support returns yet again. When the sell off does occur, it won't be pretty - as mentioned earlier this market behaviour is similar to 2007 / 2008.