Tuesday, July 18, 2006

RUSSELL SAVES THE DAY


My commodity fund was stopped out pretty early today (Down 1.6%). I managed to scratch the day with this good Russell2000 futures short. I took this trade just after 7am my time when the 3rd 15 minute bar opened and headed lower below the channel resistance from the day before. Stochastic were headed lower and the blue line just crossed over the red.I got further confirmation when the index closed two brackets later below the 9 bar moving avg. I got out just above the two recent lows from the two previous days (679ish). I bought a 67940 or 60. Overall a good trade. Later in the day, I tried to get long when the mkt closed above the moving average again, the stochs. were oversold and coming up. I didn't realize I got signed out of my front-end, and by the time I logged back on, it was too late and I didn't want to chase the market. Good decision.

Have a great night. Hump day tomorrow. And it's my 30th B-day on the 21st (Friday!!!!) Send presents to the following address:

kidding.

me

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