Market in Dead Cat Bounce: Long DDM, SSO, QLD
Posted on June 26th, 2008 in Stock Market |
The general market is still in down trend but markets look ripe for a quick bounce up. I sold my SKF yesterday at $144 (entered at $118) with a limit order and got triggered for a very nice profit. I will look to get in again around $117-$123.
Today I bought DDM (Ultralong Dow), SSO (Ultralong S&P) and QLD (Ultralong QQQQ). These should be in play for about a week then lets see what the market is doing.
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[...] - bookmarked by 2 members originally found by sbenarroch on July 10, 2008 Market in Dead Cat Bounce: Long DDM, SSO, QLD http://www.stockroar.com/2008/06/26/market-in-dead-cat-bounce-long-ddm-sso-qld/ - bookmarked by 4 [...]