Sold The R2K Calls Small Loss

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July 24, 2007

With the crack of some morning trendlines just now in the 5 and 15min charts, I sold the R2K calls for a small loss. Out at 20.20. I sold as the dow was dropping to new lows. If the price action gets above trendlines intraday I’ll buy it back long. Until then I’m standing aside.

I’ve added a chart to show what I was looking for to sell out of the R2K position.

click on chart for bigger picture.

dow break




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