Thursday, September 3, 2009

Why NOT to be bearish on techs....

I'm long PSQ (inverse NASDAQ) but I have tighten my stop. I would not be surprised if there was a pullback but I believe it easily could be a buyable dip. Here are some charts to ponder over. [(left to right) NASDAQ 7 year trailing; IAG from 11/2002 - 3/2009; (2nd row) IAG 7 year trailing.]

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