Saturday, April 18, 2009

Time to go short heavy!!

I am not painting another 2008 v.20 crash again like some bloggers out there but a healthy sized pullabck s coming our way. 90% of stocks trading the big board are above their 50EMA and this is good enough indicator that is signalling to me that a pullback is imminent. I accumulated some put contracts on Indices and RTH and if the market continues its grind above, I am going to add more to my position. 

 more later... 

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