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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures

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To: Chip McVickar who wrote (4468)	12/10/2004 2:20:57 PM
From: Michael Watkins	Read Replies (1) of 12411

I am short, again. Lots of false starts, no major damage. The fact that I've been able to establish short postions three times today and got out at break even on most of them tells me something. EDIT might just mean I've been lucky LOL The latest.... shorted the retest of the 2 day high. Break even stops in place now. 14:01:44 Mike: There are no more local stops to pull price up so buyers have to step in. 14:03:38 Mike: And since its a test of top in a decent time frame here like the 9M charts, I've no choice but to sell it again if triggered. 14:04:08 Mike: 1192.25 off the 9M chart / that hanging man / inside ba 14:04:28 Mike: YM has already triggered here. 14:05:59 Mike: Keep in mind that these are again ledges building. 14:07:06 Mike: So I'd advise against going short unless you are nimble and comfortable with an aggressive trade here. Bing. In bigger time frames this is all noise. Low expectations for now.

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