14 August 2007


Well I'm back...at least part time anyway. The recent volatility had me chomping at the bit so I re-diverted some funds back into my trading account with the good ole boys over at Interactive Brokers. First trade, as usual, is short the Nasdaq 100 futures. I put some sell stops just under that 1930 pivot I had mentioned in my last chart. Being a little cautious, I waited for the second break of that level and here we have it...I'll be using a hard stop of 10 points, so I want to let this trade ride a few days and see if we can get some real liquidation going as the market makers may have to get shorter the lower we go.

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