- when NQU09 started pushing into the low 1620's, I recalled the NQU09 exit on 7/30/2009 (http://stbsmb.blogspot.com/2009/07/7302009-morning-update.html)
- that exit was also originally slated for 1625.00, but I lowered it to 1623.50 when I noticed that the QQQQ round number of 40.00 was right in that area...
- with this realization, I lowered today's exit price from 1625.00 to 1623.50...it was hit moments later...
- +32 points/contract on this NQU09 discretionary swing trade...
- no current plan to re-enter this NQU09 swing trade....I will be watching for a break above the current base (1632.50) or a return to the lower portion of the base (1585.75)...
- on a break above, I may re-enter on a retest of the breakout area...
- no definitive plan though at this time...
- FAS has been powering up all morning...
- current FAS sell levels are: 76.65, 84, 86, 88, 94, 96, 98, 106, 108...
Disclosure: Long FAS.
***remember this is an illustration of what i am trading and my thinking...it is not a recommendation for you or anyone else to buy or sell this or any other security***
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