BullBear Trading: Stock and Financial Market Technical Analysis

Big Wall Street Insider Showed Me This: I Responded By Shorting The Russell 2000

Big Wall Street Insider Showed Me This: I Responded By Shorting The Russell 2000

I rarely get good information from my sources. I usually rely on studying the stock charts and doing research into companies myself. This time it is different. A well known Wall Street insider who I have looked at as an idol, showed me the chart trend line seen below. I immediately shorted the Russell 2000. The expectation is for the pull back to begin next Monday according to him, but it may start as earlier as tomorrow. If you average the drops and pops off of that long term mega line, there should be at least a 5-7% correction/pullback in the $IWM. For those of you who are rockstar risk takers, you can always buy the $TZA for extra exposure.

 

By Pro-Trader

Annabelle Trader

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