Thursday, December 20, 2007

What goes up must come down!

Shorted mini Dow March 08 twice again today.
First shorted at 13321 and covered back at 13307.
Second short shorted at 13325, quite near resistant, but it broke out and hit 13364.
What my mentor said was true.
"In a bear market, the price you shorted, will come back. The price you long, will be gone forever!"
Just sit tight. And managed to close at 13311. Phew!

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