April 12, 2007 - New Lows, then Snapback Rally

We had an S2 yesterday. The recent history has been lower lows with S2. So I played the market from the short side.

I sold 1447.75 and bought 1444. I got off 13 ems, which was pretty aggressive. I have been learning to go for it.

My call was a slide down to 1441. We didn't quite get there, so I bought it before my target. Also, China hit a new high. Not exactly the sign of a weak stock market.

The market ran up after the dip. We are still in Middle Ground, waiting for a mission.

NAV: $1,012,582