Current market is too volatile to make directional trades, I prefer to trade inter-indicies spreads.
Nasdaq / Dow Jones ratio is pointing down after peaking the resistance of 0.21. To tap on this trend I had shorted 1 lot of Nasdaq mini and had bought 1 lot of Dow Jones mini.
Shorted 1 lot of Nasdaq mini Dec08 at 1744.25
(Value of 1 point is $20)
Bought 1 lot of Dow Jones mini Dec08 at 11281
(Value of 1 point is $5)