Toe in the Water

Monday, March 06, 2006 | 01:56 PM

I mentioned last week that I believed the technicals were favoring a short term upside pop. I also suggested that I was waiting for this week to make any purchases.

I am purchasing a smattering of QQQQs, SMHs, and SPYs here for a trade; I expect to hold these less than 30 days.

Caveat: understand that I scale in slowly, and have a tendency to be a touch early . . .

Monday, March 06, 2006 | 01:56 PM | Permalink | Comments (14) | TrackBack (0) add to | digg digg this! | technorati add to technorati | email email this post



TrackBack URL for this entry:

Listed below are links to weblogs that reference Toe in the Water:



You are buying while the market has just broken down from its tight range.

If this turns out to be a bear trap, you will be right on.

Hopefully, this doesn't turn out to be the beginning of a waterfall move down.

Posted by: Michael C. | Mar 6, 2006 2:13:04 PM

The comments to this entry are closed.

Recent Posts

December 2008
Sun Mon Tue Wed Thu Fri Sat
  1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 31      


Complete Archives List



Category Cloud

On the Nightstand

On the Nightstand

 Subscribe in a reader

Get The Big Picture!
Enter your email address:

Read our privacy policy

Essays & Effluvia

The Apprenticed Investor

Apprenticed Investor

About Me

About Me
email me

Favorite Posts

Tools and Feeds

AddThis Social Bookmark Button

Add to Google Reader or Homepage

Subscribe to The Big Picture

Powered by FeedBurner

Add to Technorati Favorites


My Wishlist

Worth Perusing

Worth Perusing

mp3s Spinning

MP3s Spinning

My Photo



Odds & Ends

Site by Moxie Design Studios™