Friday, November 24, 2006

11/24/06 Early AM trade

Well I got up at 3:30 am and the market was tanking so I put in an order to sell a new breakout low and I was short at 140275. Set stop at 425 to start and just started dragging it down. My target was 140025 and it hit my price with hardly any heat at all.

It is soooooo much more fun to be trading in the direction of the trend.

Today is of note because it could be a pivot point for the market.... it will either stay above 1400 or more likely retrace below and retest a lower level before the end of the year.

Trader X

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