Tuesday, June 23, 2009

Update

As per the Trader Outlook method, we ended up shorting half positions in both the US/Yen and US/Swissy in case they were to rotate before continuing down. Both have rotated and I have shorted the second half of my trade in US/Yen.

I also have re-shorted a full position in the Cad/Yen. The break in the 6 month trendline is now accompanied by a new turndown in the MACD. Keep in mind, Market Club is issuing down triangles in many indexes that travel with the S+P and Dow e.g. the QLD or QQQQ.

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