Also, IWM failed to break below 46.20, which I really need to happen. This position is currently profitable, but a break below this line would be huge! This short term line in the sand will also likely be reconciled tomorrow.
Publish Post
Thursday, April 23, 2009
FAZ
FAZ failed to cross above 10.25 4 times today. Whether or not we cross above 10.25 or fail again will likely be reconciled tomorrow when the stress tests are revealed. I have decided to take the risk and hold overnight again, but the sell off in FAZ at the end of the day was nasty, caught me by surprise, and doesn't give me a good feeling going into tomorrow.
Also, IWM failed to break below 46.20, which I really need to happen. This position is currently profitable, but a break below this line would be huge! This short term line in the sand will also likely be reconciled tomorrow.
Also, IWM failed to break below 46.20, which I really need to happen. This position is currently profitable, but a break below this line would be huge! This short term line in the sand will also likely be reconciled tomorrow.
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