El Wallop Market Range Cracked

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September 4, 2008

I got hit today by a UPS truck turning left. Losing 6%+ in the RUT and NDX. That bit.

Still holding VLO, FRPT (holding a 4% gain) and some NDX looking for a bounce 1-2 day bounce. After that I’m going short.

I bought NTWK today. I sold RT and BBY today for breakeven.

The Ship has changed course and I think its time for me to follow the mantra, Short the Strength.


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