20 February 2007

Change Of Stance

If you've been reading the blog you may have noticed that I have been pretty sceptical on the market, especially the Nasdaq...but price settles all arguments and therefore I took a long position getting stopped into some NQ contracts on a break of 1832.50 looking for a retest of the highs on the last swing high(1848) before the top put in around the 1870 area. A strong afternoon will most likely result in a shot at that area today...I've already placed my stop at break even (1832.50)...see you in the show.jfg.

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