Wednesday, April 29, 2009

The last trade

I went long one unit at 869.00 after a 10 point break from today's high which was at 879.25. I thought that the reaction wouldn't even go 12 points. But when it got nearly as deep as 14 the trade fell out of my normal expectations range so I got out at 865.50. I am still bullish and think that the 890 level will be reached this week.

1 comment:

Win said...

Carl,
I agree with the 890 target. I will buy around 861 or 862. Culmination of H and S on the intraday chart.