Comments on: Banks Lose Trillion Dollar Market http://www.trivisonno.com/banks-lose-trillion-dollar-market It's the Sovereignty Stupid! Sun, 29 Jan 2012 18:08:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: admin http://www.trivisonno.com/banks-lose-trillion-dollar-market/comment-page-1#comment-553 admin Wed, 21 May 2008 20:33:22 +0000 http://www.trivisonno.com/?p=103#comment-553 Thanks Robo. I didn't sell any of my short positions today. Now that the S&P 500 has broken its intermediate trend-line, every technical trader on the planet will be shorting any kind of bounce from here. The demise of a "rising wedge" pattern isn't pretty because it doesn't leave behind any good support areas. I have to study the chart more closely, but I think the XLF should find a little support around $24-$24.25, and if that doesn't hold, then we will probably test the March lows. This could happen very quickly now that the Fed has told the market: "You're on your own." Matt Thanks Robo. I didn’t sell any of my short positions today. Now that the S&P 500 has broken its intermediate trend-line, every technical trader on the planet will be shorting any kind of bounce from here. The demise of a “rising wedge” pattern isn’t pretty because it doesn’t leave behind any good support areas. I have to study the chart more closely, but I think the XLF should find a little support around $24-$24.25, and if that doesn’t hold, then we will probably test the March lows. This could happen very quickly now that the Fed has told the market: “You’re on your own.”

Matt

]]> By: Robo http://www.trivisonno.com/banks-lose-trillion-dollar-market/comment-page-1#comment-552 Robo Wed, 21 May 2008 20:25:14 +0000 http://www.trivisonno.com/?p=103#comment-552 Nice trade on the SKF. Looks like I sold mine early again! Nice trade on the SKF. Looks like I sold mine early again!

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