Monday, June 11, 2007

Shorted the close on Friday

I didn't write anything over the weekend because my Internet was down at home. I just wanted to update my overall market strategy. I shorted the Nasdaq 100 near the close on Friday. It was a huge rally, but on very weak volume. I'm expected a deep correction and I planned on getting in on the first bounce.

I'll write about the technical pattern that has been formed on the QQQQ later tonight.

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