April 11, 2007 - Playing the Bounce

I should have been short due to the extreme reading for RSI, 99. But I was uncertain about this signal 3, so I chose not to trade it.

We are still in a weak BULLISH trend, so instead, I played the bounce by buying into support at 1448. I took at 5 pt. profit by selling at 1453.

I was once again too cautious and I only did 8 ems.

We will wait to see how the sentiment plays out.

NAV: $1,010,330.00