I have, as some of you know, been beating myself up endlessly for what it surely one of my biggest screw-ups of the entire year, which was dumping my IYR puts (now up 250% from the dumpage). I intend to heal my soul with another trade which, as of now, looks idiotic, but I intend to not wimp out on. Specifically, Brazil (symbol EWZ). For reasons quite beyond me, this has been strong lately, and we got quite close to this gap.
Here we can see the larger pattern, which is sort of a diamond. I’ve emphasized the gap again.
And here is the much longer history.
She’s here to wish me luck this time.
