Monday, July 03, 2006

RE: SIMSCI 03-Jul-2006: Short position: Trade closed

It was not a good trade. My initial target of 290.5 was not achieved. Market is pretty resillent, but not strong enough for me to go long, yet. I have closed my short position at 291.3 after seeing Nikkei back to +120 gain and RSI of SIMSCI making higher lows again. Short position closed with +0.1 points gain. This SIMSCI Futures 10-min chart of morning session.

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