28 September 2010

S&P500 : Bought ESZ0 @ 1128

  • Poor consumer confidence and Richmond Fed number pushed S&P down towards the SHS bottom neckline at 1131 (low thus far 1132 tonight).
  • Limit order above filled (= appx cash at 1133).
  • In spite of recent frustration trading this, will keep at it. This trade meets all my entry criteria. No style drift here, as I am sometimes prone to. [ Paulo Coelho : "The secret of life, though, is to fall 7 times and get up 8 times." ]
  • Technical recap : On weekly chart, SHS bottom @ 1012, NL 1131, target 1250.

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