NDX Continues To Fall

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June 8, 2006

Another HUGE drop today in the markets. On the back of the biggest 1 day drop in the Nikkei in years. The good news is that the beta short portfolio is rocking, bad news is I’m still long at Rydex. My system is on a short eod today unless we get a big rally into the close.

Today I’m really feeling the pain though with this drop. Usually thats a good bottoming sign. I think we reached some price targets and overshot them by a few points at 11:45 am est.


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