Monday, January 27, 2014

UGAZ - I was looking at the wrong trendline

I was looking at the larger trenline and missed the steep one in front of it. Well now we are at the steeper trendlines upper limit. I will continue to add short position on this trade. The markets are now highly volatile and there are several BOT patterns developing in many different places like UGAZ, BRZ, TUR. It is in times like this that it is so important to have cash on the sideline to be able to take advantage of what is happening. Hopefully UGAZ will top soon and that will give me more resources to play other markets.

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