04 March 2009

A Little Rally

Well, we finally had a little green on the screen and I was able to flip out of the rest of my IWM calls from Wednesday just before 3 p.m. Same old song though as the last hour managed to dump pretty hard. Almost a relief, I would think as a straight one day moonshot would probably reverse immediately. So a panicy rally probably best as just maybe the shorts might get caught here for more then a day. Thinking tomorrow an early dip gets bought and then another muted close as everyone tries to position for Friday morning's jobs number.
Long FAS ($3.48)

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