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Start of downtrend? Stochastics down, MACD down --> $620 profits

5 min Emini Nasdaq 100

Hi,

How is it going? Price is emarking on a downward trajectory again... As we have discussed before it cannot simply keep on going up in a straight line...

Price broke through my moving averages coupled with stochastics cutting down the signal line, I shorted 1 contract at 1463 and another 2 more contracts at 1459...

I only exited at 1450 where stochastics cut back up form the oversold region. Profits of $620.

Posted by Michael Taylor on June 16, 2009 5:50 PM |

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