Wednesday, January 2, 2008

VLA System Sell Signal

The Value Line Arithmetic Index closed today more than 4% below its 12/26/07 swing high and below the 25dema. The 25dema has been down two consecutive days. Therefore today was a sell signal. We will go short the QQQQ (Q's) tomorrow at the open.

The Q's are presently somewhat oversold, however we will follow the system and not second guess it.

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