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Nasdaq and Dow Hit new Highs --> Bullish --> Long --> $500 profits

5 min Emini Nasdaq 100

Hi,

Remember what I said about the markets? They are designed to move in the least expected way.. While Technically, it seems poised for a major correction... We are seeing new highs today..

It's alright, traders just go with the flow.. I longed 1 contract at 2036 when price broke above the high of the previous session with strong rebound of stochastics and 2 contracts at 2029 .. I held it all the way till the close and exited at 2036.. profits of $500.

Note: my stop loss was at 2020.

Posted by Michael Taylor on July 12, 2007 5:41 PM |

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