The FED injection has me nervous even though some of my daily indicators suggest lower lows. Hourly is oversold but 4 hour still has room to the down side. So with that said and a test of the longer term trend line on the QQQQ near 46.90, I'm bailing for a nice profit and going to neutral waiting for Monday morning or whatever to re-evaluate. The pigs can have the rest of the scraps as far as I'm concerned. A nice tradeable bottom is only a day away according to my work and I will return to the long side when all is confirmed.
Covering Short
Started by
blustar
, Aug 10 2007 08:26 AM
2 replies to this topic