Still expecting pullback,,, skf srs qid

I will try to update this later with price targets, charts, and further details.

I know that there are many bullish people out there now.

We might get a bullish breakout in the coming days/ weeks, BUT, similar to Thursday post below, To me, the charts still suggest a pullback to lower prices in the SPX and QQQQ. Charts indicate some choppy action, with possible higher prices first, but there are bearish divergences in the 60 minute charts, and bearish divergences are forming in the daily. Possible evening star bearish candle patterns developing. 60 min macd hist declining while prices rise (bearish).

I remain positioned short in the swing positions via skf, qid, and short PG. I will look to add some shorts in the financials skf and real estate srs. The additional SKF may come first, i'm still waiting for the right entry in the SRS.

* ChristopherStockGuy is not an investment advisory service, nor a registered investment advisor or broker-dealer and does not purport to tell or suggest which securities or currencies customers should buy or sell for themselves. For details, see the post from SATURDAY, AUGUST 15, 2009 titled "Disclaimer".