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[Mr Dev]

Well we know better and we still make the same mistake. Of course being a Thursday we should of Flipped 50% to the longside but sometimes even I don't stick with plain old vanilla,...and what works. So rounding out the day ...I'll be giving back this mornings +.60% gain and then some...about another .60% of yesterdays gains. The NDX flew off of the SOX strength,..and that has been a phenomenon when the broader markets get really weak...the powers that be can move enough money over to the little o' SOX to have these 2-3% days and stall off any further declines in the NDX and S&P.. But a look at the financials this am and I'm sure that the S&P is going to be in some trouble soon as other sectors like health car and leisure and the consumers all look to be breaking down. But I trade short term and if they can push the NDX up just a tiny bit they know new highs are at least possible for the others as well ...this is being tightly controlled imho. So exited this mornings move to short the NDX as it made half its gains..for the day,,,and went 60% cash somewhat rare for me and 40% Long the RUT. Charts are still deeply oversold and could follow thru to the upside in the morning where If profitable I will be exiting and looking to short again. See you tomorrow.

Edited by Mr Dev, 21 June 2007 - 03:05 PM.