26 February 2007

A Little YukVacation

My good friend Michael, chilling poolside at the Fort Lauderdale Hilton BeachSide...nice hotel but only a few weeks open so I would stay somewhere else.
Markets actually end the day red with the Nasdaq futures testing the high 1820 levels I was looking for last week...I would assume the bulls will be buying should the negative news flow abates...I'll probably be looking to scalp the long side should we test down back at today's lows. Otherwise a return to the 1844 level may offer a good fading opportunity.
Should never have covered my MER short from Friday but extending those day trades into swing trades has not been very favorable to my P&L as of late...could this be the start of a trend lower...only time will tell...jfg.

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