Trade Ideas for 8/27/08

The market may have closed on a high note, but I think the bears have put themselves in prime position. The SDS hasn't looked more poised to pop since... well, since 12:00pm today when the ball was in the bears' court and they whiffed it. Let's see if they can connect tomorrow.

VISN managed to get to the range I mentioned yesterday within the time requirement, so I think it looks much healthier today. Odds certainly are higher that the correction from 20.01 is done.

Current Holdings
Ticker	Basis	Closing Price	Perf.	Sell-Stop	Additional Exit Guideline	Chart
VISN	20.01	19.20	-4.0%	18.24, or at market if close < 19.00	We want to see higher highs and higher lows on the intraday chart. We want to see price clear 19.42 quickly, or at a minimum stay mostly above 19	Chart

EGO from yesterday looks terrific, and let's give the short side a shot.

Ticker	Entry	Exit A	Exit C	Chart
SDS	67.79	65.99	64.37	Chart
EGO	8.11	7.49	7.23	Chart

Please refer to "How To Trade The Ideas" (right-hand side) to read this table.