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Market plunges again! -> $1340 profits

5 min Emini Nasdaq 100

Hi,

Market gapped down a little at the opening bell. Look at the moving averages.. all of them are slanting down.. I did not enter the market immediately.. I was waiting for a chance to short the market.. I shorted only when stochastics cut down the signal line and rebounded from my yellow moving averages.. I shorted 1 contract at 1300 and only exited towards the close of the market at 1233 with profits of $1340.

Posted by Michael Taylor on October 15, 2008 5:35 PM |

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