Hammering Out A Base…For Now

February 20th, 2009

What a wild ride today…I could barely keep track of the movements myself and I watch the markets all day. Our shorts were looking beautiful this morning when the DOW was off nearly 200+ points, but now have taken a small beaten. While I hate losing money, I still am confident about these shorts over the next couple of weeks. As for the late day rally, we have formed a very clean hammer at support on the index charts, so I felt good about taking some long positions before the close. Many of these are great risk/reward trades and should do amazing! I’ll be doing another video tonight to recap the week so be on the look out for that as well. Also, I’ll be recording a MEMBER SPECIFIC video to go over all my positions and trades…better sign up if you haven’t already!

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