What’s your angle?

A quick note about bloggers including myself. Most of us write with a biased angle that is geared towards justifying our positions. Now that I’m 100% in the G-fund, I want this market to fall, so that I can accumulate more shares. It doesn’t mean I’m looking through rose colored glasses, but it does mean I’m leaning more towards the Bears.


One of the things I love about P&F charts is their ability to remove time from the equation and purely reflect price. This chart is showing us that we continue to see lower highs while the 880 bottom has held.







A descending triangle ???

 

[Birchtree]

I'm still looking for a breakout to 936 in the next three days of trading - remember hesitation will be expensive. Your money will be good at higher prices. Even I will be willing to buy at higher prices - locking in gains over my shoulder. I plan to use margin to maximize the gains from this early bull leg. Now is definitely the time to chock up some debt while interest rates are still low and will potentially remain low for several years.

 

[Bullitt]

Birch why don't we just wait a little while for 936? I like the way that chart is looking above (inverse H&S-major reversal pattern).