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> Quick Update, On positions and markets
post Mar 19 2012, 11:52 AM
Post #1


Group: Traders-Talk User
Posts: 596
Joined: 24-June 10
From: Mumbai
Member No.: 9594

Silver and Euro shorts both got stopped out today. And closed 2/3rd short in Indian indices (1/3rd short still there).

Markets look choppy and most of the correlations are not holding. Either we are at cusp of a new move or close to a terminal move. Anybodies guess, i would let the market show me the way. Since we have been stopped out twice in SPX in March trying to short, I would wait for next high probability set up for entry. For now I m neutral to partially bearish (1/3rd short India).
Would be takign a well deserved break of couple of weeks and enjoy the time away from markets

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