Tuesday, June 14, 2011

Add to WTI short, open short on RIMM

Add to WTI short, open short on RIMM.

Basic thesis:

1. Most market observers are ready to call an end to the correction (contrarian indicator)
2. Copper divergence with transports indicative of impending weakness
3. A/D line plummeting indicative of impending weakness
4. Rydex funds which are used by large traders because of the fund liquidity show that there is a sharp move to cash taking place.

Conclusion: Sell and Short.

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