I didn't do anything this morning, I was simply thrown off by the upside action and neglibile chances of jumping in.
After the jobs data out of the US, I put on a short scalp (crazy huh), which didn't work right away. I re-entered at 4503 and am short: it's just a 10% fill, so nothing major, but let's see where it takes us. As I mentioned this morning, I kept an open mind in light of data points coming out.
I will not be closing my short (unless I get stopped out) and go long today: we went down quite a bit and quite fast, and we have non-farm payrolls tomorrow.
Thursday, May 7, 2009
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