Went Long With a Lite Position

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August 6, 2008

I ended going very lightly long this morning. At around 10:45 the NDX and RUT were down to 1854 and 715. Currently the NDX is up significantly from that level without the market looking like its going berserk to the upside. I’m not expecting any more serious upmove then whats happened already today. A high consolidation based on yesterdays trading is all I’m hoping for because it would signal further upside – of course “in my technical analysis opinion” or IMTAO.


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  • http://www.stockrake.com Sensei

    At this point would have been nice if I stuck to yesterdays plan – buying heavy on weakness…oh well at least making some bucks today.

  • http://www.stockrake.com Sensei

    At this point would have been nice if I stuck to yesterdays plan – buying heavy on weakness…oh well at least making some bucks today.