Archive for November, 2009

• Deja Vu?
  Posted by Leigh Drogen on November 5th, 2009 at 11:48 am, Comments: 0

  Take a look at the two charts below.  The top is from May – July, the bottom is current.  Look similar, yea I thought so.  To make life as difficult as possible for everyone, I believe we are going to see another head and shoulders pattern form on the $SPY.  The traders who shorted this [...]

• My iPhone Doesn’t Work
  Posted by Leigh Drogen on November 4th, 2009 at 9:18 pm, Comments: 0

  I’m sitting in the office today which is located in Soho trying to make a phone call from my iPhone, completely in vain.  Yea, go ahead, just laugh it up.  Honestly, I tried everything, turning off the wifi, turning off the 3G, doing a tribal dance, but no the phone just wouldn’t work.  I have [...]

• Golden Opportunities
  Posted by Leigh Drogen on November 3rd, 2009 at 7:14 pm, Comments: 0

  I’m seeing some extreme indecision in the market, which makes sense at this point.  The dip buyers failed, they did, and they know it.  The shorts never came in, they decided took keep what was left of their dignity and sit this one out.  Unlike the last few dips there are no short sellers this [...]

• One Bullish Scenario
  Posted by Leigh Drogen on November 3rd, 2009 at 1:22 pm, Comments: 0

  Fear is setting in regarding the banks, a lot of weird stuff is popping up in the charts.  Take a look at what happened on the open to the bank prefered ETF $PGF.  I don’t like the fact that the banks are all raising interest rates on credit lines to astronomical numbers.  They know something and are [...]

• SPY Indicators
  Posted by Leigh Drogen on November 2nd, 2009 at 6:21 pm, Comments: 0

  I look at two main indicators on the $SPY, MACD, and Stochastics.  Looking at the charts below for a second, you can see why the July shakeout was so vicious, everything said short.  We got a short signal today out of a period of divergence in the $SPY price action versus the MACD.  The short signal [...]

• The Credit Time Machine
  Posted by Leigh Drogen on November 2nd, 2009 at 4:32 pm, Comments: 0

  I can feel the tide turning, I don’t like it because it forces me to shift gears and puts my strategy in no man’s land until a new trend emerges.  But to ignore the facts would be criminal to my P&L, which has taken a hit as this trend has ended.  I still see opportunity [...]

• The Aftermath
  Posted by Leigh Drogen on November 1st, 2009 at 1:43 pm, Comments: 0