Thursday, January 10, 2008

Position update

CME: just exited the remaining long position at 604.8 for a gain of over 28 points. May consider re-enter around 575 or 560 with a $5 stop.

Not much of follow-through for the bulls today, Big Ben's pledge of all-out support only had a positive reaction for about 30 min, if the market closes poorly today, yesterday's lows may not the real short-term technical bottoms.

No comments: