Tilted Net Short

Posted on Friday, March 20, 2009 by Iron Chef Dad

The market finally paused as this rally takes a breather. It will be interesting to see how this pull-back performs. First target on a break down is about 740 to 750. This would coincidentally create a nice right shoulder inverse "H&S" pattern and retrace 50% of the rally.


I'm still tilted short and I actually pushed more so, with a new short position in HOG. This is one name I've been attempting to short for the past little while.


I've also got a short on SBUX as this chart just seems very over extended.


Still rebuilding short on IYR.


And still short ANF.

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