Friday, May 15, 2009

Short again at 4398

Let see if resistance is confirmed.

40% filled, tight stop at 4410.

Update: I admit that I was spooked out by this morning's strength. My entry at 4398 was essentially at the same average level I had on before but I doubled the position in size.

I am playing cautiously, until I see momentum on 4 hour charts back to negative I am ready to take this short off anytime. The bears have not shown themselves in hordes, and the bulls are still buying the dips.

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