Monday, March 10, 2008

Dow and S&P

Everything closed very close to session lows and ALL the indexes closed below the lows made on Friday. The DJIA is now about 100 pts from Jan lows and the S&P held by 4 points. No need for me to go through sectors as pretty much got murdered.
Alcoa, posted last night acted well as a short and the MOO short has just been spectacular, I only regret covering CMG,DECK and XME. Second time I mentioned that so you know it's like a dagger in my larynx. Let it go, just let it go. I will be back later.


Glenn said...

I feel the same way, covered DECK and sold FXP a few days ago. Woops.

upsidetrader said...

heartbreaking isn't it?


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I am a former hedge fund manager, broker and capital markets dude who now trades for his own account. I love what I do. I will try to post some stocks and an occasional chart that looks attractive for entry.I will also try to point out the idiocy of conventional wisdom and the lack of value added by the mainstream financial media. These postings should not be viewed as recommendations.