Sunday, May 3, 2009

expecting a test of the highs short term

Covered my shorts as it looks like they plan to run it up perhaps slightly above the most recent highs 890ish between tonight and mid-day tomorrow. I expect this will fail and cause a quick brief correction down to that 860ish area before moving on to low mid 900's. I'm placing sell limit orders on /ES at 887 hoping to get tripped sometime before 9:30am tomorrow.

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