This is typical for August. All the big Wall Street firms hand over the helm to their junior traders who are, ahem, not much better than most of the ET'ers.
74.75 because that was the target on the short position I sat in patiently for an eternity and then scratched for a tick, only to watch price drop 3 more pts my way...
I wanted to go long, but market was close to close, and while I had 1 of my indicators turn up, the other did not, and I have found that if I did not wait for 2 confirmations, my trade was less likely to win, also, near close it did not give me long enough for trade to develop if I did want to get in.
Quote from Eko_Trader:
That was quick and painless. Check out my new book "How to lose 2.5 points in no time at all."