Saturday, August 01, 2009

Saturday Rock Blogging: You Can't Touch This

I see a plethora of inverted hammers and gravestone dojis on the Thursday and Friday candles of many charts, like on IWM above. I really don't see how anyone can touch this market on the long side.

Disclosure: I own IWM puts.

1 comment:

Anonymous said...

Pyth hope your puts work out well, I also believe this rally is a little overextended and a correction is due any time. Long Puts on USO.