Monday, September 13, 2010

Long time no talk - short ES here

Been quite busy with work but following the market every day. Been a very patient bear in hiding but came out today and just opened a new short position via ESZ10 @ 1118 with a stop of 6pts.

Wish us luck =)

EDIT: stops will likely be adjusted within the next 2 hours.

11:11AM: stops moved to a tick above HOD

11:18AM: we will likely see a retest of the highs today with a potential for a marginal 2 pt higher high. Will keep stops a bit flexible on part of the position.

12:25PM: stops at breakeven now and "walking away" - this should be setting up for a move towards 1102SPX and possibly into the 108X next.

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