Forming a nice bear flag
Hi guys,
I have been following CCL closely. I purchased some at 9.15, and some at 10.15, and sold around $14. They were some nice gains, however I don't like several upcoming events which will more than likely cause markets to plummet again. I believe this bounce is similar to the first big drop in 2008. We popped up, then went back down even harder. At least in the near future. So for now, I am looking for a short position on CCL, waiting for it to break down out of the flag. I would keep very tight stops in these treacherous waters. Happy trading! May your losses be tiny and your winners be large.
- Matt
I have been following CCL closely. I purchased some at 9.15, and some at 10.15, and sold around $14. They were some nice gains, however I don't like several upcoming events which will more than likely cause markets to plummet again. I believe this bounce is similar to the first big drop in 2008. We popped up, then went back down even harder. At least in the near future. So for now, I am looking for a short position on CCL, waiting for it to break down out of the flag. I would keep very tight stops in these treacherous waters. Happy trading! May your losses be tiny and your winners be large.
- Matt
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