Archive for July 3rd, 2006
Monday, July 3rd, 2006
[photopress:SIMSCI_10_min_morning.jpg,full,pp_image]
It was not a good trade. My initial target of 290.5 was not achieved. Market is pretty resillent, but not strong enough for me to go long, yet. I have closed my short position at 291.3 after seeing Nikkei back to +120 gain and RSI of SIMSCI making higher ...
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Monday, July 3rd, 2006
I believe there are profitable Elliot wave traders out there. No doubt. Though I have never met any of them yet. In fact, I have met a lot of wave analysts, not trader. I am not an wave trader and I definitely do not have bad feeling ...
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Monday, July 3rd, 2006
Though SIMSCI gapped up at opening, it drifted down after that. I see an opportunity for SHORT position on SIMSCI futures. In fact, short position has been established at 291.4.
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