Sold shorts. Sideways.

Posted on Oct 26, 2010 by in Letters

http://stockcharts.com/h-sc/ui?s=QQQQ&p=D&yr=0&mn=6&dy=0&id=p39697041562&a=203282119

We took another look at the Qs and decided we didn't like our shorts there and so closed them.  On reanalysis the trendline was not sufficiently penetrated.  We also closed our SPX shorts and so are sideways trade-wise.  Trend-wise we are of course long, and wondering why they haven't shaken the tree so as to get rid of all us minor annoyances.

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