Wednesday, May 13, 2009

05/13 RUT 50-Day Condor

Ok, I now have one certainty about this trade: it give me profits. I just don't know exactly how much yet, it all depends on how RUT behaves in the next few days. I've reached the Tighten The Noose level and am therefore am protecting profits on the position. Should we continue to drop $$, I'm on my way out.

I did a technical study on the 1-hour chart for RUT's futures contracts, this gives me an idea of where RUT can potentially move to. All I know is that I am not allowing this trade to even think about giving up profits.

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