Wednesday, February 27, 2008

ES Afternoon Session - 02/27/08





The Equities Market lead the futures in showing weakness via the NYSE Advance - Decline Line. The Indicator traded below the mid-day pivot low, while the futures was still testing the upper limit of the mid-day range. This turned out to be a good shorting opportunity.

For timing, a good place to short in a weak market is when the TICK trades up near the +500 area.

Charles

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