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Good afternoon, RealTraders!
With the strength both the Nasdaq and S&Ps were showing on the opening, I
remained flat--I was leery of this upmove and was not bullish. Obviously,
they have both shown more strength than I thought they would this morning.
But once prices tested 1275 in the S&Ps, I began running a stop sell entry
at 1269 1/2. I am now short at 1269 1/2 with stops at 1275 3/4 and first
logical target at 1262 1/2, second LPO at 1260.
Best,
Tim Morge
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