Saturday, February 16, 2008

Triangles...I see Triangles!



On Friday morning I bought a slug of TWM and a "probe" of SKF. I'm such a bear. From a 30-min chart perspective, we are really neutral rather than bearish, so I need to get a little lucky, because I'm assuming that a shift from bullish to neutral implies the next leg will be down...so I'm "early" again, but judging from the averages overbought condition at the close I think it's worth holding bear funds over the 3 day weekend.

Waiting for bonds for bottom before adding to income portfolio.

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