Wednesday, January 21, 2009

I changed my mind

After having studied the S&P chart in more detail and looked at the damage to the XLF, I have decided to dump my long Big Caps, long Nasdaq 100, long Oil & Gas and long Semi positions at the open. I am opening a new short position on Small Caps. I will be keeping my long Agriculture and long Crude.

I fully expect to buy them back cheaper, possibly later today. I will probably close the short small caps position later today.

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