Thursday, May 26, 2011

Last Swan Song for Nasdaq Shorts.... 11:55AM CST 5/26

Still like being short (and still am), but it's now or never for them to work.
Price got back to the lows of the old bull channel (yellow)
We are also right back into the 50 (blue) and 100 (yellow) day VWAPs
Combine all this with 2327 being the 50% from May 19 high to yesterday's lows.

Sell right here, but a close over 2330-2335 and you should be out.

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