S & P

Thursday Evening 21 March 2013

Exited long position by pricing out at 1539.75

21 Mar – Buy 1541.75
22 Mar – Sell 1539.75

Loss = 200 tics, $100 plus $15 commission per contract

A review of price/volume activity and location of close puts
the market in more of a sideways circumstance, on the 60m
intra day chart, with price not acting well since the close, going
into nearer midnight trade, [CST], so we exit to reduce risk
exposure, which is more important than considering potential
profit potential, which may or may not develop.

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