Tuesday, March 31, 2009

Dow 7618 up 92 today

Been trading just too busy with hot water tanks, new tile floors, painting etc to post. 21% in 14 days biggest and quickest move since the 1930's Faz was a great trade. drys was good tibx this week was ok. At the close yesterday I went short the qqqq ouch. Im pretty sure the rapid rise has to correct 50% before another leg up. Thats about another 350 on the dow. We could let up again now and then 50% correct. The range now is 6450-7900 we have given back 400 from the recent top. yesterday's close 7490. The GM deal announced today have lifted hopes. A contrary play is short the rally. I will know soon enough. G/L traders

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