You never know when or where you might be right or wrong. Either way
being in my position one thing became clear years ago when I first began
putting myself out there publicly with my opinion or thoughts; and how
they might transpire. What you learn quickly is whether right or wrong –
Someones going to tell you, or remind you – guaranteed!
So in that light I was notified by someone today that the latest thoughts expressed in my article Linked Into What Exactly? just may be expressing itself sooner and, in a larger way than I first wrote.
It would seem the overall theme of what can potentially happen to
people, and what can happen when its at the upper echelon of users. And
just how quickly they might feel a little queasy about exactly; what
they have posted out there – with whom – and where – as to now wonder
exactly “whom” will be using all their “free posted data.”
Originally published on TheTechTrader.com.
One of the very few short positions that is behaving itself these days is Akamai. I shorted this one a week ago or so, based on its trendline break. You can see what it did a few years ago in similar circumstances:
I mentioned yesterday morning that statistically we were likely to be close to a period of retracement or consolidation on ES/SPX, and that has now most likely started. On ES a candidate short term double-top has formed and ES has broken below both the 50 and 100 HMAs. The 200 hour moving average is the other support level to note and that is now in the 1538 area. That's particularly worth noting today as the double-top target on a clear break below 1547.50 is the 1537.50 area which is a close match with the 200 HMA: