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Tuesday, August 29, 2006

Profitable Trade

Here is the exit this am in the S&P trade I mentioned in the previous post. The market felt weak this am early so I exited just before the open for 5 point profit/$1250 per contract. This was not a great trade but still was a profit.

This market looks a little heavy to me here, so I am expecting a drop to begin any day now. However, this trade was with the trend so the odds are always in your favor when you are in sync with the larger time frame trend.

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