Saturday, September 27, 2008

Market Stance : Long

Duration : 2 to 3 weeks - Long
My exposure : 40 % long . Rest cash. No stake in individual stocks. Long on index funds SPY, QQQQ, XLK from Sept 23rd.
Reasoning :
Recent pull back on low volume
Follow through day on Thursday
Wamu failure did not bring the market down. All shows near term bottom
New lows settle down

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