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mrnewman3

08/31/10 2:40 PM

#264 RE: mrnewman3 #263

Just closed out my short. Dropped to far below the low BB on the 5 minute. Will look to reenter on a reset.
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koondog

08/31/10 2:41 PM

#265 RE: mrnewman3 #263

thanks for the input...my theory is that we've tested that 1040 level twice within just a couple of days and have so far established lower highs. If we attack that level again without any substantial bounce then I think we just might break through. Third time's a charm so they say. Close below 1040 and I'll hang on for the ride for a retest of 1010....Puts are up nicely so far. Tons of economic data over the next few days