Thursday, November 1, 2007

QID Trade

Thought I'd go short again. I missed the quick morning sell off and for some reason thought it would be a good idea to get in on it after the fact. I got in on QID which is a QQQQ Short Fund at 34.56 which was higher than what I wanted. I initially wanted to get in at 34.50 I just sold right now at 34.44 because I didn't like the way it was acting. It was jumpy and neutral and the volume was low. It was showing a lot of small bodies with big wicks, something I don't like seeing a lot of one after another. So, I decided to get out and clear my head.


qid trade chart

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