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Barron’s Picks-Up On My “Rising Wedge”

My bearish “rising wedge” pattern on the S&P 500 chart made it into Barron’s today. But you saw it here first almost a month ago!

Note: The breakdown from the wedge is going slower than I thought because hoodwinked retail investors have been coming into the NASDAQ-100 and Russell-2000. When those two crack, it’s all over. See my previous post for more on this.

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This entry was posted on Sunday, June 1st, 2008 at 3:34 pm and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

2 Responses to “Barron’s Picks-Up On My “Rising Wedge””

  1. Paul says:
    June 2, 2008 at 2:29 am

    thanks matt.
    so do you play this by shorting the spy, or use some inversely correlated etf similar to srs?

  2. admin says:
    June 2, 2008 at 9:24 pm

    Hi Paul,

    I am mainly using SDS, but I have a few SPY puts too.

    Matt