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.

2 comments:

Jeff said...

Which platform do you use???

Woodshedder said...

Scottrade elite