Thursday, September 29, 2005

9/29/05 support trade

The market has fallen to the sr level of 121900. I'm long at 121975. Stop at 121675, profit at 122175. Remember that this is the end of a month and the end of a quarter. 2 reason for market support. In fact this market should be running away but isn't which bodes poorly for Oct.

Just added another es at 121825. Almost the same setup as the first one. So far this is a higher low than last time.

Trader X

Just got stopped out at 121675, another support setup here as well, but I'm going to pass

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