TRADE THEM LIKE YOU SEE THEM (IDX)

I've been watching a trade for several weeks and yes, there is part of me that regrets not playing it as it move exactly to the level that I felt would be a compelling area to short.  In effect, missing out on the move higher has actually been good because I've had to remain committed to trading the Market Vectors Indonesia etf according to the plan I identified weeks ago.

We are now very close and therefore I have begun positioning in the name for a pullback.
I believe IDX will encounter some significant resistance at $30.50 and will then turn lower to the $25.00 level.

Update - I am close to being stopped out of the INTC short trade, but will continue to hold until taken out.  As good as this morning looks, there is always Turnaround Tuesday to being the market back to reality.

GOATMUG

Goatmug is an investor that cares about you and your family. Goatmug's Blog - Financial Perspectives From The Mountain Top is a collection of thoughts on our economy and how it impacts the lives of investors and average people. While several specific investments are named in many of his posts, these articles are simply invitations for you to do your own research and reference to these securities does not constitute financial advice. Your situation is complex and unique and you should seek professional assistance with your trading and investing. Please visit Goatmug and share your comments at http://www.goatmug.blogspot.com/