Breakout or Breakdown?

Discussion in 'Index Futures' started by chewbacca, Feb 22, 2006.

  1. Short 4 YM at 1162 now. Pivital point in the markets. Discuss amongst yourslefs.
  2. same with me, Short 1 at 11152, decided not to average down though. If this reverses I plan on taking this over night.
  3. Shook out twice - once at breakeven and again at 11164. Short again 4 at 1168. Dangerous trade, longshot. But again, pivotal point for the markets, feb close and march - breakout or breakdown?
  4. I vote for breakdown. Best of luck.
  5. Only have one contract so my stop was at 11180. I'm still short this baby.
  6. Pabst


    So on a break you're Johnny Walker Black and on a rally you're Johnny Walker Red.........:)
  7. Good sense of humor...Good one!
  8. Lucrum


  9. Tossed position at 1148. Looks like S&P wants to get rejected at 1300 and the Dow at 11200. Will renter there for an intermediate term position.
  10. Im out to at 11142 did not feel like taking my position overnight. great, markets down to 11137 as soon a covered.
    #10     Feb 22, 2006