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Toe in the Water

Posted By Barry Ritholtz On March 6, 2006 @ 1:56 pm In Trading | Comments Disabled

I mentioned last week that I believed the technicals [1]
were favoring a
short term upside pop
. I also suggested that I was waiting for this week to make any purchases.

I am purchasing a smattering of QQQQs, SMHs, and SPYs here for a trade; I expect to hold these less than 30 days.

Caveat: understand that I scale in slowly, and have a tendency to be a touch early . . .


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[1] technicals: http://bigpicture.typepad.com/comments/2006/03/why_the_short_t.html

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