Sorry about the few posting this past week but I have been really busy and have been watching the Olympics.
Today I got out of 3/4 of my SKF position but still holding my TWM. I think we might bounce a few days in the financials and possibly test the low 1300s on the S&P. I dont think we go very far from there and I would be looking for shorts to enter here.
Russell might go and test 755 to 770 area which would set up a very very nice short there. If you have the stomach for it TWM would be a good place into this zone.
I suspect TECH will fall very very soon. APPLE and RIMM are my two best names short here. I will send out a trade call early next week 100% on two other stock I believe will be 1/2 the price they are now in the next 6 months (Remember FNM and Citibank.
We will see soon enough
MARKETJEDI
Saturday, August 23, 2008
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