SPDR S&P 500 (SPY): G, I covered 2/3 of the QQQQ short at...

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Re: GLENO34 post# 57009

Wednesday, 08/06/2008 1:10:52 PM

Wednesday, August 06, 2008 1:10:52 PM

G,

I covered 2/3 of the QQQQ short at 46.22. I am break even on for the day now having wiped out earlier profits, so I think I will hang on to the last 1/3. I really thought 46 would be a ST top.

The 5 minute BB's are pinching so we could get another squeeze up. If not, I think 46 is now support.

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