YM was definitely the better short. The drop in oil hurts energy but helps techs and NQ found support at 20 DMA (1811.50), which is positive if it holds. But weekly R1 resistance for NQ is pretty stiff at 1825. In any case, if you shorted YM at highs, your stop should be at even. Target if not stopped is 12585. Keep a close eye on NQ and the 1820.25 level.
Overall, VIX was right where you wanted it to be if initiating a swing short.
Overall, VIX was right where you wanted it to be if initiating a swing short.
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on Wednesday, February 07, 2007 at 2/07/2007 03:17:00 PM.
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