Thursday, February 4, 2010

Wow! Did I Get It Wrong!

I really thought we'd see more upside today but I sure was wrong.
Price broke down through previous support.
BUT.... When I opened my charts this morning I saw the formation below. I knew I was wrong last night and I was positioned to capture the entire move down. So I don't have a sob story to tell.
And this is how it played out.

The 60 minute below tells the story. A sell signal at 7:40am and the LML were telling me to just stay short all day.

WARNING: Futures trading involves risk. You can lose all of your capital and more. Consult with your financial adviser to determine if futures trading is suitable for you.

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