Wednesday, February 03, 2010


reshort FCX

cover FCX

cover TNA, not much downward force

FCX making new lows

take profits in AMZN since it didn't move down with the rest of the markets

watch the ETFs like FAZ , SKF and TNA, FAS to move nicely if the markets break.

TNA here

AMZN shot up in what seemed to me like a desparate attempt to get some short covering happening. So I waited for it to stall and then shorted it near the top.