Tuesday, March 25, 2008

Hey, don't get lazy... tomorrow, we're fading the gap

Yup, if we get a rally, watch the volume carefully. Use some financials as a benchmark to find the reversal point of the fade. Then, day short. There's some powerful resistance points on the Dow, and I expect profit taking in the Nasdaq tomorrow. If we get the fade, short FNM (the weakest financial stock) or buy SKF, which has some floor at 100 (strange, no?), maybe even short MA... it's having difficulty making a rally here.

In truth, I'm hoping we get another big move up for a few more days, because I want to re-enter in some long term puts, like in AAPL, MA, GOOG, ISRG, and of course, LULU.

That's Gio's plan.

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