Tuesday, May 6, 2008

Tuesday, May 6

Today started out well as I was expecting a pull back in the markets and I got it. This pull back was short lived and the mkt moved higher by noon and my short positions were hurting. The charts still look the same, at resistance and due for a drop. Will we get it, I don't know. I opened a position in KOL today with a limit order and all is well so far. This new ETF chart looks good but there is very little data to really make a good and solid assesment. I still think we will see a down turn in the next few days to a week or so.

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