Unfortunately I've been quite busy this weekend so without posting any charts, I will give you some analysis.
I suspect there is a bit more up movement left in GJ - a good place to short or add to shorts would be around 240.90. Coming back to that resistance line possibly for the last time before a major fall.
I see the DOW poking its head just above 13,700 and GU going to around 2.1030.
At the levels I have just mentioned, all three will reach strong resistance once again. Therefore my plan is to be short at or around those levels by scaling in.
This is not guaranteed and price could break the resistance. In that case I would expect a fairly big north move and have my positions reversed. But again, I'll be short while within the brick walls.
I suspect there is a bit more up movement left in GJ - a good place to short or add to shorts would be around 240.90. Coming back to that resistance line possibly for the last time before a major fall.
I see the DOW poking its head just above 13,700 and GU going to around 2.1030.
At the levels I have just mentioned, all three will reach strong resistance once again. Therefore my plan is to be short at or around those levels by scaling in.
This is not guaranteed and price could break the resistance. In that case I would expect a fairly big north move and have my positions reversed. But again, I'll be short while within the brick walls.