I’m A FAZ Holder and I’m Short

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April 27, 2009

I know, I’ve been long for nearly a month catching this whole shabang. Now I’ve swapped to the dark side, er short side. I posted a FAZ chart midday and it has the reason why I’m long in it, but I was buying before that signal hit.

At the end of the day, I also put on a 10,10,10 short in the SPX, RUT, NDX. I will buy more inverse products if the market is green in the morning.

I dumped, CX, JRCC, DRYS, TBSI, DIG, some CRIS, MGM, ERX, and the NVAX I bought in the pre @ 3.4 I got stopped out at 3.37.

So I went out long LVLT, long FAZ, and long INVERSE 2x funds in the above mentioned indexes. I’m looking for a move in the Dow down to 7891.


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