Trade Ideas for 11/11/08

After a gap up open, the market sold off for the rest of the day. Stocks pretty much ended up where they finished Friday. It seems like every other day we get a false counter-trend move in the first 15 minutes of trading, to the point that it's reliable.

PBW gapped up with the rest, then fell down to the buy price and kept falling until it hit the sell price. So again no current holdings. It now becomes a waiting game to see which move the market will make next. When that move will happen is anyone's guess.

Trade Ideas for 11/11/08

Ticker	Entry	Exit A	Exit C	Chart
QID (Ultrashort QQQQ ETF)	73.47	66.17		Chart
ABX (Barrick Gold)	26.22	24.11	22.99	Chart
LNG (Cheniere Energy)	3.41	2.88	2.74	Chart

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