I just wanted to send out a quick update to say the futures did test my key resistance area while the US markets were closed, and they have tested the low put in on Friday. Should we move below the low during the US session, then our wave 2 will already be in...
If we move up this morning, then I'm still looking for 1141/1142 to hold on the SPX (1137/1138 equivalent on the ES).
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- Rich
- I've been playing in the market for about 5-6 years now, and became very active in 2006. In 2007 I pretty much wiped out my account (>90% lost) on a major option play that didn't go my way. In 2008 I was given the opportunity to spend FT on my trading art with a nice severance package from my employer when my position was eliminated. In 2008 I was able to completely re-coup my '07 losses and bank some nice gains using front month options, following the trend, and a more disciplined approach. Now I've moved onto E-Mini Futures to hopefully improve my trading even more, reduce my commissions, and produce even more gains in 2009.
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