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[A-ha]

i am still covering some of the loosers from fall, mostly ETFs and shorting eminis, so far only NQ and ER2... in the range of er2=807-813 nq=1800-1810... i made a comment yesterday in the morning "there is no risk on the short side", that was of course to signify the importance of this very low risk setup, not to say that risk is actually zero....as you may noticed both indices, nq and russell are trading near the yesterday's early prices where I started shorting....so that statement should be more understandable for some now. like i said yesterday csco gap was given and i believe it was also known by an army of institutions outhere. they will sell at the open, because not only csco is currently trading at the very high end of its valuation, it is because there is a significant risk going forward. expect a gap and crap day for nasdaq, i am not sure whether csco can fill it today but it will sooner than later. strength in spx and dow is a usual rotation and wont last so long, we had consecutive very high oex p/c ratios, and some dma values of the indicator is currently at 5 year high.

Edited by xD&Cox, 07 February 2007 - 10:09 AM.