Fresh short 312.2, in anticipation of further equities weakness in Sep09 following weak Shanghai close for Aug09- Weekly uptrend line at 308 is under threat. Also potential double top forming with NL at 303. Stop close above 325.
- Many other charts with same look. Correlations are high!
- Will NOT build on this trade unless the technical breaks above are confirmed. Very mindful that I am early in the game. Will be massacred if market is still in range trading mode and I am caught with large positions again (as in past few months).
- As per ED Spreads, risk is clear. Hard stops set at appx S$2600 per contract.
31 August 2009
Simsci : Potential Weekly Double Top
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