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Friday, July 1, 2011

Too far up, too fast

I added shorts today, mainly due to the market rallying way too quick for my tastes. I still think the market will trade in a range until August, so this is a short-term trade.

Plus 3 day weekend equals greater chance for bad news to be released at the Friday close.

I always keep my core gold miner positions.

Ideas for shorts:
ODP, PCLN, DECK (bad idea, but I am sticking to it)

Buy DXD (doubler inverse short)

Good luck.

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