Thursday, January 25, 2007

EEM Update



Whew! I almost got stopped out of my short position in EEM. This ETF came within .50 of taking me out of this trade yesterday but then turned back down. Today EEM got hit rather hard and was down a little over 3%. Looks like a potential double top but it is way too early to tell. I'm just going to sit with this short position which I cut down a few days ago and look for lower prices with my stop still above the 116.50 high.

Posted by Kevin

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1 comment:

4shzl said...

I'm glad your stop didn't get hit. I joined you on the short side as it tanked today. I view EEM has a "hot money" favorite that has significant downside potential.

8:40 PM

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