We Got Filled at 1200.25
Thursday, 27. October 2005
We had no problem getting filled at 1200.25. S&P made it as high as 1207.25 before being knocked back down to a low of 1193.75. The fact that a higher high was made at 1207.25 puts the trade on track. Support is at 1180 although we could exit at 1190 and look for re-entry depending on what the market gives us. U.S. crude oil stocks rose 4.4 M barrells which should be a stabalizing factor. Tomorrow we get durable goods, jobless claims and home sales which may swing the market. We'll maintain 1189.50 stop loss and continue to manage this trade.
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