Shorted Market 1438 and covered at 1434 But looks to be early

Monday, May 19, 2008

Market daily chart pattern is very bearish now as we touched the upper trend line of the rising wedge pattern, I am taking a lot off the table today, as tomorrow could be a down day if we continue to see weakness.

Sold SBUX 17.21, should have sold earlier today as i noticed my target was 17.50 and we got to 17.40 so i gave back .20, but in this game. if you don't take it off the table then there is a good chance it will take some back