Short Term Trading Member Forum

[JLS]

D ...

your advice: "... those shorting here may be a good place to take partial profits."

I was short (long FAZ), but didn't do that -- can't predict the future.

After looking at the dollar index in the wee hours of the morning (dollar leaking down), and getting the morning's economic news, I took those profits this morning. Net, net ... probably got the same results up to this point.

Normally I would swap immediately into FAS but decided to let the dust settle for a while and see how price deals with overhead resistance. Most interested in what the dollar does going forward -- in the very short term, that's more important than watching any stock indicators.