Close above 1291.75, then look for a target of 1299 ... need to stay above 1287 on a close basis ... anything below that and this LONG trade is off.
Keep close stop on the this trade. I would want to see it get there in a hurry.
The time is 3:40PM and still has not closed above my mark. This trade is done on time and no trade was made! I was looking for a rally before 3:45PM Eastern.
As of right now, there will be no Trade of the Week. My trading did not warrant anything of note to talk in length about. I hope you have a great weekend.
Good Trades,
David AKA Tiger
Friday, August 22, 2008
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