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RE: [RT] Beige book



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Order filled to re-short full position in December contract at 1313.50 4 ticks under the 8/31 (daily) pivot low.
 
This was picked in expectation that price would bounce off the 1298 (basis September) support and re-test the breakdown from what had been the prior pivot low. I see that price actually fell to within a tick of the 200% retracement at 1292.75 (basis September) before rallying. I was gone all morning, however the 200% retracement is generally a pretty low risk point at which to anticipate a reversal and offered nearly 10 handles in a quick rally.
 
Earl
 
 
 -----Original Message-----
From: realtraders@xxxxxxxxxxxxxxx [mailto:realtraders@xxxxxxxxxxxxxxx]On Behalf Of EAdamy
Sent: Thursday, September 07, 2006 6:21 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: RE: [RT] Beige book

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