Shorting Strength

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September 30, 2008

I went short this morning, trying some SDS, but quickly dumped it as the market broke up to new levels. After seeing the way the market was acting, I wish I hung on, but I didn’t. Instead I threw on a larger short position in the index funds at the 10:45 window. Looking for a flat close or about 1% lower from the current levels (Dow 233, COMPX 50, RUT 662). I shorted NDX and RUT.




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