Monday, March 5, 2007

Night Cap

I made $534.00 today, or ~0.5%. I'm really terribly happy about that. Making money in a down market is difficult.

I believe the markets are ready to bounce tomorrow. I expect a gap-down on the open, and a rally into the close. Depending on what work is like tomorrow a.m., I might sell my QID, DXD and my SDS on any gap-down, in hopes of getting it cheaper on Wednesday. Also, if the markets rally into the close tomorrow, it will be time to get long a select few stocks after 3:00 p.m., and for that I'll need some cash.

This evening I've been trolling for a few short candidates. What I'm finding in the charts tells me we will bounce. More on that in the next post.


Jeff said...

Which platform do you use???

Woodshedder said...

Scottrade elite