Wednesday, August 12, 2009

Nasdaq

The market took me out of both my short positions today after the FOMC meeting. The symmetrical triangle pattern failed as well as the hanging man pattern. This market has shown good resilience the past few weeks and I'm officially on the sidelines on this market. I'm turning my attention to a solid set-up in Silver (long side) and potential set-ups in Hogs (long), Wheat (long), and Cotton (long).

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