Clearly it was a gift from above that I wasn't able to get into my long NQ position yesterday. As I wrote in my blog yesterday, "...buy 'em. Close stops below recent lows are a good way to stay away from heavy losses. If we break those lows, all bets are off, and watch us tumble."
As I left the office before the close, the commodity index was up just over 1%. It was up more than twice that in the a.m. before heading lower-for a short time posting a loss. It's the long-run that counts.
I am still trying to get into a short in the aug. crude oil contract, but stops there will be very tight as oil is clearly in a bull market and I rarely like to get on the opp. side of the market. Any suggestions here?
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment