Friday, September 16, 2011

Don't forget the head fake

As I showed you in last night's post, every reversal is preceded by a head fake, I would say this happens 80% of the time and that is conservative.

I also said to watch for one in XLF today. Lets take a look thus far.
DIA Head fake

SPY head fake

SPY 3C on the open,

There's a head fake in XLF as well, but the site is taking too long to upload the captures.

I'll be adding some ETFs that I listed yesterday

First will probably be SPXU and SQQQ as well as FAZ. These will be about 30%-40% of my intended overall position.

I'm going to try a different browser to get the charts uploaded more quickly.

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