Monday, February 09, 2009

Why I Got Out

I sold my two units at 872.50 for two reasons. First, the 876.00 high was nearby. Second, while volume was high on the bar which made the day's high at 873.00, its volume was lower than the bar of 10 minutes earlier.

I am still bullish and expect to take another long position on a reaction of 8-10 points which I think is quite likely here.

2 comments:

Anonymous said...

Well Done Carl. Best of luck always.

Anonymous said...

my measured resistance at 871, 875, 882, 886 and 889, 900...am expecting a rise into Feb 13-16...not sure whether it would reach 1000 by then not.