Monday, January 25, 2010














- After thursday and Friday's plunge, we had a quiet day finally. News has dominated the markets so far with the president and fed governorship.
-Anyway quiet days give for quiet trades. So took a long, it seemed sellers were taking a break today, so i faded the second down tick, supported by divergence and a trend-line break. The trade was slow in the making however, it seems buyers were not ready to step up yet. That was confirmed with the pivot failure later in the day..

conclusion.
- shorts in play, but was able top squeeze out a long, hoping for a throw back rally to R1 or R2...

Tally:
+3 Es points ( $150/contract)

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