Tuesday, March 14, 2006

Another trade, going Short.

RSI 5 has reached 78.09 and the SMA (2) just crossed the price line on a 60 min, 5 day chart. I am going short the Q's. Actually I'm buying the April 41 puts (QQQ PO) for $0.75. Should be looking to have the Q's head south soon. A tight stop will be in place.

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