Wednesday, June 27, 2007

Post Match

08:05 +1 @ 4434 -1 @ 4434 0
08:29 +1 @ 4430 -1 @ 4438 +8
+1 @ 4430 -1 @ 4442 +12
Early trading saw two attempts against daily support trendline, but several more to tests above yesterdays low.

10:55 +1 @ 4426 -1 @ 4434 +8
Another test of the lows. But got out too early.

Several trades scratched due to lack of directional move, even pulled position too early on Durable Goods figure, missing out on the 18 tick drop.

14:42 -1 @ 4422 +1 @ 4424 -2
62% retracement of figure move. Waiting too long for sellers to drive the market back down.

15:57 -1 @ 4432 +1 @ 4428 +4
Early support turned resistance. Over high volatility only expecting a bounce.

I was tempted to take a short position on both late bounces at 4447 (around a 50% retracement against yesterday's high), but didn't want to risk losing.

+30

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