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Double Top, stochastics down --> $1240 profits

5 min Emini Nasdaq 100

Hi,

Price fromed a rare double top today and there was no way I could stay out of the market.. At the same time, stochastics cut down the overbought region..

I shorted 1 contract at 1953 and another 2 contracts at 1936 when price broke through the moving averages.. I exited when market closed at 1921 with profits of $1240.

Yes, that felt good!

Posted by Michael Taylor on April 22, 2009 5:51 PM |

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