Friday, April 30, 2010

Big down day ... again!

RUT broke its Renko support indicating the correction has begun, IMO. RUT is at 716.70 and my downside target is 702-695. I believe the Nas will drop another 75 points at least. I have 30% of portfolio in hedge with FAZ, SSG, and SDS. Dow down 160, SnP down 20 and nas down 50 Whoa! and the RUT down 21.. its the winner for the day with a big 2.87% drop YEAH!

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