Thursday, August 6, 2009

Heavy short

I bought back 1/2 SRS that I cut yesterday. Currently holding pretty heavy short positions at hand: DUG 2 sizes, QID 1 size, SRS 1.5 sizes.

Goldman's guy claimed today that a new bull market has begun, which to me is a significant sign of market topping. The really trustable charts are monthly charts. You will get a clear picture from reading them. Bull markets never begin the way as it is right now.

My boss cleared all his personal long portfolios two days ago, as he thought market right now is way over-priced.

Good Luck!
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8 comments:

  1. AnonymousAugust 6, 2009 at 4:41 PM

    Hi,

    Thanks for post honestly and frankly.

    Alan

    ReplyDelete
  2. AnonymousAugust 6, 2009 at 5:01 PM

    Who is your boss? If you allow me ask...

    ReplyDelete
  3. AnonymousAugust 6, 2009 at 5:06 PM

    Hi,

    it is important who you, not why you know.

    ReplyDelete
  4. absoluteanniAugust 6, 2009 at 5:45 PM

    Not afraid of unemployment figures eh?
    Big balls...

    ReplyDelete
  5. Pivot TrendAugust 6, 2009 at 5:47 PM

    It is a fact that unemployment rate will go higher, isn't it?

    ReplyDelete
  6. AnonymousAugust 7, 2009 at 1:22 PM

    any update?

    crazy bull makes me cry

    ReplyDelete
  7. Pivot TrendAugust 7, 2009 at 2:44 PM

    Yeah, that sucks. I am still holding all short positions!!! AND I opened new short positions on FXP.

    Tech and commodity show some weakness in today's big up day. GS is even in red. Doesn't that look odd?

    ReplyDelete
  8. Pivot TrendAugust 7, 2009 at 3:23 PM

    My DUG turns green, although SRS looks to have a long way to turn around ....

    Keep shorting...

    ReplyDelete

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