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07/17/2009

Buying TWM

It's interesting that one of the "horsemen", GOOG, is down over 12 points, and yet the NASDAQ is pushing to new yearly highs. In any case, the only index I trust to short right now is the Russell 2000, which is both at the 38.2% retracement level and mashed up against the top part of its Bollinger band.

0717-rut

I have therefore gone long TWM, the double-inverse ETF.

0717-twm

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