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Strategies & Market Trends : Moufassa's Lair

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From: GREENLAW4-7	4/3/2009 7:49:45 AM
	of 13660

Current market countertrend rally squeezing many amateur traders. These folks have no clue how to play the short side and for some reason put their stops way too tight. We should make it difficult to call a top or bottom in this current market enviroment. Its much easier to ease into positions in .25 incriments. I have been trading JPM short on a 1-2 day basis, but have been starting some position in SRS again. FAZ feeling a new range but will reset once we start to trend lower. Jumps in market action to the upside is very, very bad for short etf's. Eventually sooner then later we will again be kissing the southside. The current move is looking more like a Bull Trap then any change of trend. All economic reports have been bad, and getting worse. Hang in there folks, we will be fine on th short side of this market. GL

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