Short es @ 1358 to hedge longs here stop at HOD

Tuesday, February 12, 2008

Very Important to understand resistance areas in the market and make a decision on whether you want to take profits, or protect you gains buy hedging your position with a counter trade in this case i am short the es futures nears the top of the trading range, with a stop at the high of the day, this will offset the loss on the pullback on stocks i feel will continue higher medium or longer term IE..DYN, SBUX, AAPL ect