Friday, June 10, 2011

A CONFIRMED SHORT

The market was screaming short at the open, and it was confirmed in the three major markets.  The short BOT was broken.  You can fill in the rest.  It's KISS Friday.  Keep it simple and SHORT.

click to enlarge


The break out targets (BOTS) are set and you can find them on the BOT Pages by 7:30 AM EST.

YM breaks at the open on bar 1.  ES and NQ test the mid BOT and fail, then break the short target on bar 2 and 5 respectively.

When you exit is your personal preference, but I would hope you will try the BOTS as a guide to consider for your entries.


YM      short BOT         12000              bar 15 value           11911


ES                                 1275.5                                         1268.75


NQ                                2241.5                                         2230.25
                           

The day was not all short.  We were discussing the reversal developing with buy signals at bars 52-54  and the buy at b64 that was  developing as a resistor bar.

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