Monday, January 25, 2010

Well we are now at 1802 the initial support I identified on Friday at 1810 has turned into resistance. We are short looking for 1758. We can have a low risk stop on the trade at 1820 we went short at 1805 so thats a possible 47 points profit for a 15 point loss or approximately 3 to 1 win/loss ratio. we can afford to win just one of 4 trades and we would break-even.

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