Tuesday, 19 May 2009

Too soon?

Although I traded at the top of the market on monday we have seen a rise again today, and a fail at the key 4500 level, which I hope means the top is now in and failure to close above 4500 will bring sellers back into this bear market rally.
There is something to be said for averaging in* and I have considered this, and today was a good example of how much better my position would be looking now, but nothing to do right now, just want the F to give back 100+
* check out Oliver Velez and his position building-simply averaging in and if the pot's big enough your trade will come right eventually. Like a Martingale, but not closing out with each trade. Must be a name for that....

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