Tuesday, March 9, 2010

Finally, a Small Head Fake

Speak of the devil... just a short time ago I said we have not seen a head fake where we break out and then reverse in a long time.  Finally it happened.  I've been stopped out of both index positions for losses as a function of discipline as we broke below S&P 1140.

I'm sure we'll revisit the subject tomorrow or perhaps they will push us right back above in the closing minutes...

EDIT 3:45 PM - back to 1140.  Looks like it was just a tiny shakeout to take out people like me.  Oh well.

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