Friday, February 5, 2010














- Fridays are quite tough to trade, but an opportunity came i couldn't pass.
- The sell off was too intense that a let up was met by intense buying and short covering with a stratospheric VIX.
- patience was the mantra for me, since Fridays can be quite choppy. Volume came in on the high side with a break of the down trend and S1, just check out the cluster of tick max dots on the 3 min chart..

Tally:
+10 es points ($500/contract)

notes:
- Looks like a continuation is likely to the down channel on the daily, about 1085 or so. Looks like we just witnessed a washout,leaving a bullish doji candle stick.
- Monday, i'll be looking for a slight gap down to buy, if today's lows hold. Let see how this turns out..

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