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Covered ES 1311


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#1 ogm

ogm

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Posted 11 June 2012 - 01:46 PM

As far as I'm concerned this market is complete BS, and will keep zigzagging everyone's brains out. My trade thesis has been completed. Short into "Anticipation of good news" and now I'm covering. Market went up higher then I thought and starting to look a bit oversold on VST basis. Daily chart looks a little stronger. So zigzagging more likely to get even more confusing. Expiration this week is probably not going to help bring any more clarity to the market. This wasn't the most profitable trade ever, but I'm all out of guesses at this point.