EDGE TRADER

Wednesday, June 21, 2006

Just returned

to the trading terminal from a business meeting all day today. And of course these things happen at the absolute most inconvenient moments, causing me to miss a +140 tick on the dow.

My post last night should have been a contrarian indicator that should have made me buy the open, but I knew I wasn't going to be able to monitor positions today, so I didn't dive in.

My focus is what to do now? My initial thought is to fade this rally by going short, but I don't want to jump the gun yet.

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