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What Worked and Sucked Today 2292008
http://www.stockrake.com/ what-worked-and-sucked-today-2292008~2008~02.html
I did the Happy Leap Year thing too early. Most everything sucked from me as I have this mental block to go short for some odd reason. I’ve made more money shorting than going long actually, but this year and late 07 I can’t seem to make the switch. So I got hit with the big drop on my index longs today 5.4% in both NDX and RUT. OUCH. However, this is why I was keeping my stock trades to a minimum and light positions because I knew that today would be a crossroads of where the market is going next. Apparently that is going to be down.
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