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10/09/2008

A Safer Trade

At the risk of giving everyone whiplash...........I've taken a hard look at the indexes, and in spite of this morning's SSO skin-burn, I'm still leaning toward the bullish side. The majority of my long positions, established yesterday, are still in. Looking at the $NDX, I am more comfortable with this trade. I have therefore gone long the QLD with a stop at today's lows.

Thanks, Moo, for putting doubt in my head about my index puts :-) I think you are right.

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