Thanks. I still hold over 60% of the RTSA position. It is the single largest short position that I'd ever accumulated... problematic due to the trading liquidity, but ideal fit for my analysis that the markets are overvalued broadly and headed for a final 12-14 month bear market correction that I currently project to last until early June 2013. I plan to continue to trade RTSA around the core position... no time decay and maximum leverage fits my market projections in the longer term and also provides a hedge for my intent to periodically swing some long plays in temporary oversold conditions.
As far as poker goes, I won an important pro circuit event on My 11 and netted over $9000, I'm not a pro but it is definitely a confidence boost in knowing that I can beat some of the best.

http://www.economonitor.com/blog/2012/03/all-feasts-must-come-to-an-end-chinas-debt-investment-fuelled-growth-part-1/

I finished my first study of the 3Peaks and the art of technical trading... I've done some detailed work in regards to Lindsay's timing and price targets... the initial results are some what different than my preconceived projections prior to studying the authors interpretations of Lindsays work. Lindsay was most interested in timing more than price although he did provide some formulas for calculating targets from confirmed patterns. IMO timing is always the hardest task, so the years of research that Lindsay accumulated are highly important to me. My interpretation of the timing ( per 3peaks) is that there will be a market top ( and completion of rt shoulder on most averages)on or about May 11 (13 is Sunday).

SPY- High of 142 is top, most likely to form right shoulder on bounce. Target after correction is 121


Comments originally posted in chat 4/12/12