While market was looking as it in a reversal mode ,we shorted 944 area .
A huge rally came to stop us out at 974. 30 points loss. 30-40 points is the maximum loss the Swingit suffers since a change in risk mangament occured a couple of months ago.
As for now,Market is very strong as even change in trend can occur.
Good trading
Monday, July 27, 2009
Position closed
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