As I mentioned in my newsletter Nasdaq-100 is weakest market index . And it was Nasdaq-100 which was first in red yesterday.

I had GOOG on my short trade setup list and I entered trade yesterday. It was sold off right from first minute of trading. So I use 5min low strategy to enter partial of position and then my trade setup entry point for rest of position. I am now short GOOG and I expect that it will break down 500 and will go lower to 360 - 420 levels.

This entry was posted on Wednesday, February 20th, 2008 at 12:44 pm and is filed under Stock chart analysis, Stock market comment, Stock pick, Swing trade commentary. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.