Bearz Take Full Control And Trigger Sell Off – BAC Down 25%

April 20th, 2009

Wow! What a great start to the week huh? Looking across the board at our strictly short portfolio all I see is profits today. Believe me when I say that today’s actions wipe away all the noise from last week as a number of our shorts were down over 6% today alone. Take a look at the chart below of the DOW and notice how we have successfully re-tested the APEX of the two trendlines in black. We didn’t break these levels but rather they acted a great resistance areas. Also, with today’s huge sell-off, the bearz have taken nearly two weeks worth of hard-earned gains right from the bullz. Clearly, as I have said before this move down was swift and fast. Those of you who were not patient and go scared lost money today. But, members and I have been holding steady for a while now and it’s paid off big time today. I’ll be back later on tonight for a new trading video.

 

indu1

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