Friday, April 19, 2013

GS

GS is already an equity short position that I'd like to add to on some strength, I think it will bounce and give us that chance-whether you want to play the bounce is up to you. I will- leave the short in place so the majority of the equity positions are in line with the primary trend (down) as well as providing a hedge vs the call positions.

GS 15 min is not only positive, but also has formed a bearish descending triangle that technical traders will short, especially if there is a break below support, even for a minute (long enough to trigger limit orders) and that is how Wall St. uses Technical Analysis against traders.

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