Serial Sequent Wave Method helped identify that the early trend up was faux and would be followed by an impulse move lower. That gave us our first shorts in the NQ. Stepping aside for the 10am Housing Report number was cautionary, but as it turned out, unnecessary. Two attempts after the initial breakdown to short the TF contract on bounces went unfilled, so we were left to selling into new lows. That worked once for a decent profit, but a 2nd time stopped out the shorts towards the end of the 1st time frame of the day. Come see our trades real time, and gain confidence in this remarkable Wave Methodology. Trade Summary
20120322
Short 2 NQ 2727.5, 2727.5, +2, +4
Short 2 TF 813.8, +0.5, +2.0
Short 1 TF 816.2, -0.3
Short 2 TF 813.0, 813.0, +0.4, -0.4
Short 2 YM 12961, 12961, +5, -0
Total NQ +6.0
Total YM +5
Total TF +2.2