From 2007 high it is going down trend. And now in near future it will re-test the 2009 low around $2.75.(see green line in the chart) If it fails to hold then BCS             will go pennies on the dollar. Though you might have missed the maximum profit ratio by shorting but still you guys have some hope as it is only trading around $8 range and soon it will free fall. Good luck to you all. It will be a painful as those trickling down might take some time.
Good grief!! Ypu seem like the most pessimistic person posting charts on Tv. EVERY single chart you post is marked as 'short', and 90% of those you seem to be declaring as ultimately going bankrupt sometime in the future. You say trading is boring... NO WONDER! You're making very negative predictions that all play out over YEARS. What a barrel of laughs
If its not biting u; why ur bitchin' like a slut then. Lol, I feel sorry for you :)
PRPS sum1
You shouldn't try to feel sorry for me, my life is full, my accounts are stocked and I don't go through life viewing the world in such the negative way you seem to do. Google 'Chicken little' then maybe looks for some positive things to invest in rather than chasing doom in every chart.
Listen Son,

Monkeys like u come and go in WallSt. Other guys try 2 trade and then leave. Men like us stay n watch n learn n listen; & we know it's not about making money everyday but surviving and making living out of it deacdes after decades.

If u wanna make some money fir now then buy any FX pairs and go long USD for now only as turned will change. U can also look Chinese/Hong Kong market as probably they are the only ones which can go bull in this global condition. Look at my previous charts. I can cover. I'm modified as some of them u can go long but then I have to uodates charts very week. Hope I fed your hungryness 4 bull. And one more thing; don't knw which brokerage I trade but ur brokerage might go belly up too, that may include FXCM & TDAmeritade particularly.

I do come here for fun only when have some time and as I see traders here are just like me when I was green so live to share my lil knowldeg with them so that they can make some, if they know how to play. And those r not for guys like u unfortunately. Market is Market and it doesn't listen to me or you or Fed for sure. Just go and have some sleep. GN.
PRPS sum1
"Son" "monkeys" "wall street".. all in the first sentence. Hmmm.. it's interesting that you chose to start a reply with such words. Maybe you felt defensive over something.

Look we both know that neither you or I work on wall street, and also that you're no father figure to me. Just do whatever suits you, but know that you'll need a huge amount of money riding your charts that'll be locked in for a long period of time to make some real money. In the long run you may do well, but in the meantime your money might well have been better placed in more positive and useful places.
Well dear Leap options if you can get it, otherwise go for short on sector ETF. Either way u can short the market for sure. If u can't short then inverse ETF/Options. And yes am out of Wall but that's how they used to Build a book. We used to play like that for sure; been there done that. Don't say market makers are not doing so. It depends what is the strategy of that hedge fund. You can give me color on that but I don't need at this point. Just let me do what I want to do and it doesn't bother much what others say at the end of the day I am by myself :) Let me go and catch some fish in the market. And yes if you don't want to lock money for that long; well u can also look for Indian market for now with China and may be OZ/Kiwi for Bulls. Hopes I tired to give out some of my old grey matterials in public.
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