Wednesday, August 28, 2013

Trying to bounce...

I was stopped out of my /NKD and /ES shorts. I am actually long the /NKD @ 13315. We'll have to wait and see if this move is for real or just a pop before the puke. The chart below shows where I think it's going in the short term. The dashed horizontal line is where my stop and entry to get long was. The solid horizontal line is where I think prices could go in the next day or two.
edit: I am also long the /es @ 1631.75. Even though I was wrong about the VST, I am not a believer that this correction is over. The /NKD is it's own animal but I don't trust the /ES. I have a limit order to sell @ 1636.25. In the morning I will see what's happened and then re-evaluate.

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