good you did well on the banks jongo, a lot better than me ...... its seems like if you had followed with the same strategy for your other shorts as with the banks, or alternatively tightened shorts the results may have been a touch better ???
I noticed what the other guys who are trading the SPX do is that they draw a trend line touching the bottom points of a 3 to 4 month chart and extend that.......when the share price hits that or is near it , that's the signal that with the current oscillating pattern of our market that the price is likely to reverse up again .-.that's if the overall upward trend (which has been ongoing for 6 months now) is to continue...... it seems to be working pretty well for them.... they don't worry about my old fangled trading bands....
