Thursday, June 08, 2006

Peeking over the hedge

So even though the market's been in a downslide lately, I'm looking to go long. The RSI 5 has gone below 20 again and with such a selloff lately, we are poised for a short bounce up. When the SMA (2) crosses the price line I'll go long the QQQ FM (currently around $0.30).


UPDATE: Purchased QQQFM (June 39 Calls) for $0.30. Quote went $0.25/$0.30 and filled me at $0.30. Current quote is $0.30/$0.35.

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