Thursday, May 6, 2010

The Exit Short... Broke Even

I exited the short position @ 1170~ish the other day. I'm slammed with work so I'm not documenting much. I saw the 1150 as a very strong support and wanted to get out of the short position even though I saw more downside potential. I'm looking for a retrace back up once the sharp down trend breaks to the 1185. I might trade this correction in the trade option of bullish divergence +trend break to fib retace range, but I'm not sure I will be watching the markets enough to do so. Just wanted to pust this chart.

~happy hunting

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