Thursday, February 25, 2010

Short ES 1104.5 50 %




Covered 1098.50 for -1.25, will try later

Short ES 1197.25 50%

Covered ES at 1186 for + 21pts on this last batch

Trade initiated here

NQ 1780 target also hit a moment ago

Will reload later

Game plan updated.

Overall, previous game plan stays the same. We are looking for NQ 1780 and ES1085 areas to start with.
Here is a chart from earlier today.

Wednesday, February 24, 2010

Tuesday, February 23, 2010

Probable ST bounce area

BTW, UI Dezine, thanks for everything, you are a True market wizard!
:

Minimum probable target for this ST bounce is 1104 ES, also 1107 marked in gray line. However the bounce can easily surpass it given oversold internals.
IN any case this would be an opportunity to add to existing IT short positions.

Covered 25% more at 1095.25 - remains 50 %

Took 25% off at 1099, just to manage position size

Letting the rest run

shorted ES 1107

Covered all ES 1103

Will reload later

Game plan for coming days