Friday 28 December 2012
Exited position at 132.29 for a scratch trade.
Our rules had a short entry on increased volume and
a wide range intra day bar down. When there was no
downside follow-through, and price still respecting
previous day’s low, actually making a higher swing low,
we are not willing to risk a position in this government-
driven market over a quasi-holiday weekend, when
anything can happen.
While price is at potential resistance, it is not moving
away from it, as would be expected.