Thursday, March 26, 2009

March 26, 2009 Thursday Trade 2 Long 1 Contract

We did get oversold 3 minute stochastics with some momentum on the 233 tick chart, but the trade went only about a point in my favor before rolling over. I think the rejection of the highs started a new downtrend here, plus we have the house financial services chairman talking who the market does not like (Barney Frank).

Trade 2 (Long 1 Contract Stopped Out -2.25 points):
Trade 2 Screenshot