I will be posting a couple of my favs for 2009 (first quarter anyway, I can't think that long term) within a couple of days. For starters I think the financials could do a complete retest of their lows and I think IYR is a great short back to its lows. Commercial real estate and financials are just completely doomed to failure in my opinion. More on this later.
Friday, December 26, 2008
Deja Vu All Over Again
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About Me
- upsidetrader
- I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.
2 comments:
XLF h/s
IYR possible bear flag
smell ya lata brotha
but IYR looks good to me as nearly all my moving avgs (5,8,13,20,30) have turned up on the daily, hourly. Nice double bottom this week on 10min.
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