Index futures (OMX, Sweden)

Sold at 1056 for a profit of 0.25 points. Went short at same number. We have oscillated a couple of points back and forth all day, and I think we'll continue at least until the US opens. Looking for a couple of points on downside here.
 
Not good. Just as I was on the phone Ericsson mentioned risk for lower margins and the market tanked almost one percent in the last 25 minutes with Ericsson down 4.6%. It was hard to tell what to do at the time, but with hindsight it was of course obvious that people would get scared when we had almost no movement the whole day, and then half a percent in a few seconds. Waiting for a rebound with less than half an hour to the close was a bit too optimistic and instead there was continued sell off. At the same time, I think it was overdone and I think we will see a rebound tomorrow. Also, the cash index seems to settle at about a point over the futures which the futures should get back tomorrow morning to trade at a premium, so we have 2 or 3 points cushion there. But there is the Fed meeting and the US markets are a bit overextended to the upside, so there is some risk there also. We'll see. Close was at the low of the session at 1046.25 and gave me a open loss on the trade of 9 points. The loss for the day was 8 points. High was 1059.5.
 
I have not been able to come in to the elitetrader site the last few hours, but I bot back the short position at lunchtime for 1051.25 for a half point profit, and just went long at 1051.5.
 
Problem with site a while again, sold long earlier at 1051.25, for profit of 0.25 points. Just covering costs on the last 2 trades.
 
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