I was stopped out of my long FTSE positions at 3965. Phenomenal...
As you might have noticed, I only filled up to 50%: momentum on the downside was quite strong, and as mentioned in the weekend wrap up we were standing in a significant retrace zone.
I am now flat out, and looking for the next trade. I am curious to see where we close in the after hours, both to check momentum and how we stand with regards to the ascending channel we were in.
Since we were hovering in the 50% to 61.8% (4080 to 4220) retrace from the January 6th high to the lows, I'll be looking closely to see if we have indeed put a top on this up move.
Monday, April 20, 2009
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