Wednesday, February 14, 2007

Wed 2/14 EEM long


Identified the 112.95 zone, which is the bottom of the upchannel, as a zone of support. Went long on the 60 8/21 EMA cross up at 115.14. I am holding until tommorrow to watch the price action. We are at the top of channel resistance, will sell 1/2 my position around current levels and trail the rest. If price stalls and starts to breakdown, will start to eye a short position.

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