Monday, October 5, 2009

October 5th - Stock Market Review

Gold - i updated my stop to 96.5 , this is the last lower high . If i am wrong with my analysis, then my down side will be much lower.

I am going to watch the market for a better short opportunity. I think that from now every rally will be a good short place . In case the market break the QQQQ 43.2 and SPY 108.2 , the analysis is cancel.

Update- I purchased some QQQQ call 39 oct at 2.36 . it is a small position in case the market rally to my target 42.5 .