Monday, January 22, 2007

Time To Short QQQQ

Dear Readers, that time was 4 days ago at 45.30. We tried with patented tiny risk and ended up with 2c loss. Had we taken a bit more risk 15-20c we would have been short. Which means what? We do not care... We either go short/long on our own terms or we will not. We do not Chase the markets. We had the direction right on a short term bases, market did not give us a low/no risk trade. That is it. That short term bearishness could and still may turn into intermediate term good trade, but at this moment we are out of and waiting for a temporary strength after some more weakness to enter the short position. If things do not develop that way we pass! Good Trading

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