Market About to Roll Over?

By Mark on May 12, 2008 3:13 PM | 0 Comments
My indicators are telling me the Q's are near the top and we should see some downside the next couple of days. We have had a strong day today to the upside but the $49.20 mark seems to be showing some resistance. So I just went short for a trade for retest of support at $48.

I bought 20 contracts of the QQQQ June 48 Puts at $0.95. My stop on this trade is if we break above the $49.20 level on the Q's.

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