Monday, March 5, 2012

Time to short ES

ES recently broke the multi-year high of 1370.  I expect to have at least a pull back.  With China revised the growth target to 7.5% by Mr. Wen, it is a time to sell.  The drop led by NQ this morning triggered the move.  It hit the stop sell at 1360 soon.  I set the cut loss stop at the intraday high of 1367 and go to sleep.  Expecting it to go down to around 1300 in a week or two.

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