Wednesday, October 21, 2009

10/21 MNX Iron Butterfly

MNX pushed up intra-day, reaching the 1 st. deviation point. I got an alert and checked out the market conditions. I've noticed that RUT and SPX were not following suit and that the FinViz map was not that bullish, also noticed the VerticalSolution chart was starting to pull back.

Result: I avoided adjusting intra-day and getting whipsawed. MNX finished the day flat.

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