Big Wave Trading incorporates a Mechanical Disciplined Signal Generated System and uses a Market Model system to invest profitably in the stock and futures markets. Big Wave Trading also incorporates a strict risk management system and cuts losses immediately if a new purchase does not work in our favored direction right away.
Thursday, April 07, 2005
Going short SPY QQQQ
Indexes are bumping up against their 50 dma and the move towards it has come on very weak volume. This is typical of a dead cat bounce. Bounce to the key moving averages and resume trend. With the lack of leadership in strong sectors, I feel confident about these positions. If I am wrong, no big deal. I will cut my loss at SPY 119.75 QQQQ 37.20.
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