Market rally is getting sold off ahead of three days break ( Monday is a Holiday in North American markets ).
Incapacitated by Internet and Telephone Service outages, our break in trading is extended one and likely end middle of next week sometime.
We have somehow managed to open and close another trade in MMM while remote watching our open trades. We still await a full blown rally that we feel is necassary and waiting to happen, for confirmation of long term trend breaks in January that shocked and rocked many participants out of the markets.
2008 Project M .. TRADE # 16: MMM
Feb 13, 2008 MMM Buy Mar 80 Call $ 2.20 .. 2 Contracts
Feb 15, 2008 MMM Sell Mar 80 Call $ 2.50 .. 2 Contracts
Time: 2 Days
Return: 13.63 % or $60.00
Account Value: $ 7,252.00
Enjoy the long weekend ... Feel Blessed for everything, review all your positions and rest well to trade safe. Always remember that market participants usually re-evaluate and many a times new positions and directions are initiated right after these brief breaks.
Harry
