Tuesday, August 10, 2010

Market trading down

We've opened our 2nd short trade on the ALSI with our stop at 24980.

At the moment the market is not coming down aggressively. It's rather coming down in a sneaky fashion, slowly but surely, building on negative momentum.

The strategy to follow here is to go short, but with a very small trade, wait until it's profitable, and add some more to the short. By the looks of things, we're not going to wait very long.


Safe trading

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