Friday, February 03, 2006

Good Scary

I call openings like today's (NDX-100 down 20) Good Scaries.

If I believe something is going to stay in a range or climb higher, I buy Good Scaries. So, adding to SOX put credit spreads and short Oil positions here.

NDX-100 looks terrible from a technical perspective. However, there is more in play than just meets the eye.

Not for those with a weak stomach, folks.



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