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Homework for Tuesday 2008.11.18

17. November 2008
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ESZ8 - Sell 862-865 down to 825. 865 is based off the low of 2008.10.16 and market action.  If what I am thinking is correct, we may get a significant bounce off 825, perhaps all the way back to 865! 

 

15:30 CST Summary - Hit 865 level twice, once for 10 point bounce and one for 40 points (865 to 825, just like homework)!  Hard bounce off 825 back to 865+.  Amazing!

Lessons -

  • Don't buy in a bear market! (don't fall in love with the upside)
  • Stick to plan 

 

Homework