AIG Short

[NHN123]

Entry: Sell 68.18 Stop
Protective stop: Buy 68.91
Target (typ wave c): 62.58

[ADM]

nice setup, just manually looking at the dow30 companies i see a lot of W patterns forming.. this cant bode well for the index.

[NHN123]

Entry: Sell 68.18 Stop
Protective stop: Buy 68.91
Target (typ wave c): 62.58
triggered, but going up again at the mo.... we'll see

[Steve Griffiths]

I agree, but the main Indicies look to be up at the moment, so I would advise caution on any short sales............

Steve

[NHN123]

I agree, but the main Indicies look to be up at the moment, so I would advise caution on any short sales............

Steve
looks like you could well be right.....

I try not to look at too much else, other than the actual instrument itself, however.

You can always find a reason to not take a trade, so you have to take your chances.

But like I said, you look to be right so far.

[Tony Beckwith]

Yes, to confirm - an AIG short would have been stopped out on this occasion.

Thanks

Tony.

[Tony Beckwith]

A beautiful AIG long unfolded just before, though...

+2x risk/reward using the standard MTP trade management guidelines...

Very clean!

Thanks

Tony.