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E-mini Executors: How Rumors Change The Market

Friday, June 5, 2009

How Rumors Change The Market


With the rumors flying around about numbers in question, I am staying on the outsides.  They already reached one of my support areas at 936.00.  They traded through and then rallied back up with decent volume.  So now I wait to see what they do.  I am still selling rallies because most of the volume is to the downside.  If the market stays in an uptrend I will rethink my approach.  My next big areas are 962.00 to the upside and 927.50 to the downside.  Keep in mind that when I am sellilng rallies, I am selling at short term moving averages and getting out with small profits.  This morning I held shorts because they held my price at 956.50.  But when they hit my downside target(936.00) I am now selling rallies with tight stops and small profits using short term charts.

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