Friday, October 12, 2007

Friday, October 12th

Down...the tape is red and we have a new environment to swim in

The FTSE will open with a huge Gap down like the one the EOE is showing this morning

Globetrader_18

Short 553.75 and stopped 554 no need to hang into this, when volume is building a floor at 553.75

Globetrader_19

Trading to the downside means waiting for a TOP and then going short. Don't sell a floor

Long FTSE 18.5

Globetrader_21

need a higher high here

stopped +1 tick

Globetrader_22

Long FTSE 19.5

Globetrader_23

There was a 78c ask at 17.5 which was nearly taken in one bite. If someone goes long 63c he is not thinking to lose that ...dreamer...missed +10 and stopped again +1

Globetrader_24

This market is getting erratic...they for sure try to sell it further

Long EOE 553.85

Globetrader_25

Exit at todays open ceiling +10

Globetrader_27

Remember: On strong Gap down Days countertrend long trades tend to get sold agressively, so take 10 tick profits in indices

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