Thursday, April 26, 2012

Trade update

The market is surging in the afternoon, which represents a sign of strength.

Thus, I am waiting for the market to pull-back so I can exit my short, although, as I am writing this, it looks like it will never happen.

The price am I willing to cover at is 1394.5, just above the 1394.25 support on the daily chart. If the market does not come there until the close, I will leave a limit order in.

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