Thursday, April 28, 2005

All indexes now in short term downtrend (except sp500)

SP600 and NYSE have failed there attempted rally by establishing new lows for the year and the Nasdaq gave another distribution day signaling it is not a time to be going long stocks yet. I had a rough day on the long side and that is my key to stay away from longs and stick with shorts cause that is what is working for now.

SHORTS: QSII PHM COL XOM CEO L LECO WRNC SFCC KSWS MCRS USU OPEN NTGR SHOP HURN BOBJ PKI PRZ GW EQIX LFG BEXP AUGT HOT OXY CETV CP TKC

I have mentioned some of these before but they are still shortable and still offer plenty of profit potential. Remember to cut loss above today's highs if they dont work.

ALOHA

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