I decided to add one last SHORT to my overall DOW position on Monday and sold 30 $5 DOW Futures at 10597. This put my total position at a nice round number - 100. Yesterday I BOT 20 at 10567 and I missed BUYING 20 more at 10537 by 1 tick. So, my current position is:
SHORT 30 @ 10597
SHORT 30 @ 10577
SHORT 20@ 10557
The market is currently trading at 10568. This position is still too large so I'll be placing orders during the day to lower my overall position to a net SHORT 50 contracts. I'll probably wait until the market opens to see what the first 30 minutes tells me before placing my orders. I'll update the weblog later this morning.
Dale F. Doelling
Chief Market Technician
Trends In Commodities
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