Bear move far from over but it still isn’t a done deal

Written by j0sh1ngU
November 27th, 2009at 11:33 pm

I am bearish right now and am expecting a move much lower, however, the bears still have not put this move lower in the bag. I think they will do this on Monday or Tuesday.

Feed right now is a stock I am looking at to see how it opens on Monday and what it does on Tuesday. Personally since I think were going down I am curious to see if this stock is resilient to doing so. If it is I might look to go long . If it looks ready to go lower…… let it go so I can get it at lower prices

feed

feed 30 min

I believe we saw the first part of the down move. However, as much as I want to say it is confirmed there are some setups that are not confirmed. A gap down tomorrow seals that case. BK gap down= finished.

bk

JPM-volume a tad shaky but I think this has more to do with how the trading day was only half of a normal one. Should pick up soon
jpm

VNO- if I decide to close out some shorts it is to short this more
vno

GS bottom is in the 156.5-160 area. Will let you know when I see a possible bounce coming. It probably isnt going to even be tradeable. Personally I dont think it will be and I wont attempt to do so. I might use the opportunity to shift my portfolio a little bit, but nothing more

Categories: Charts , Markets

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