that was exactly what i avoided by picking up the ndx short last night. didnt make much on it today, but it gave me peace of mind knowing i really couldnt get hurt too bad if we tanked today. like you said things arent deep enough to justify a full long position so i left the hedge(first leg of a short position is a more accurate description though) on but switched to spx from ndx. so im still biased long but not by much. one of these freaking days the semis will go up. tommorow sure would be nice as ive dug myself in a fine hole.
got close to an escape last week then we crapped on monday. a decent up day and im out for a loss most likely, but one im comfortable taking as ive also been getting nice gains on the shorts.
come on mr market. give us a rally for one day por favor. steve
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