I am really worried about this situation which is getting worse and worse day by day moreover the place where i am doing trade is also very unsuitable for business
All I see is a slow painfull distribution phase slowly sucking in more 'retail day traders'. We have seen nothing like the base formation that took place in March-April '09. More like the opposite.
There are nice formations on the upside and downside. I still think that we are stuck in a 1150/1000 range... Selling straddles and strangles fits the actual scenario. To be a contrarian now is to be long... <><><><><><><><><><><><><><><><><><> Feel that's a buy? Then sell... http://tradingthecow.blogspot.com <><><><><><><><><><><><><><><><><><>
very good information, this man knows his stuff. if the base formation is not like march 09' then its not a rally. got it? Learn from this man.