Friday, January 30, 2009

Short BNI

I Shorted BNI this morning. The rails have been very weak over the past few months but have spiked over the past week. BNI failed at it's declining 10 day moving average and below it's breaout level. It also made an evening doji star formation. I'm watching the SPY closely however. If it shows some strength i'll drop this trade faster than English Comp 101.

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