Note - from June 24th 2009, this blog has migrated from Blogger to a self-hosted version. Click here to go straight there.
When I hit "Publish" on that last post, the S&P futures were at 1124.50; six minutes later they traded 1222.75... so on the 'one-point-per-session' basis that I've often written about, the night has been completed successfully.
The Dow dipped to just north of 10525 (10527.8, basis the cash index) which is why everything stopped falling for a bit.
And yes, of course I wish I had kept the short Euro instead of cashing it in (since it's now trading at 1.2030... the ECB sat on its hands). As I said at the time, the uncertainty was too great - and although it's lovely to be able to post-mortemise your trades to death with the benefit of 20/20 hindsight, the reality is that the point in time at which the trade was exited was correct technically and also 'subjectively', given the possibility that the ECB would do something more hawkish. (After all, inflation is outside its target range, and they haven't moved rates since 2003).
