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Strategies & Market Trends : Longer-Term Market Trends -- Ignore unavailable to you. Want to Upgrade?


To: NOW who wrote (2198)6/27/2009 4:44:08 AM
From: Skeeter Bug  Respond to of 3209
 
betting against the government is very risky.

i'm thinking of shorting the russell 2k with a 1/2 position at the june 30th close and 1/2 at the close of next thursday.

i think the window dressing here is keeping this market higher than it wants and i'm in for a down side trade.

i plan on having a relatively tight stop to limit losses if i'm wrong. i'm actually hoping to get my RWM near $55 if the S&P can elevate toward 940 for the close of june.

am i missing something here? my trades have been pretty crappy lately, so i appreciate any feedback that i might not be considering.

ps - i also think this might be the inflection point for a serious downward move, but that's just guesswork at this point. i do plan on going more short should we break down below spx 878 on volume.