Index futures (OMX, Sweden)

Sold long position at 1049, at 16.05 CET. Looking to go back in if we get some pullback here. Loss on trade: 5.5 points, but profit for day at 5.75 points (from close yesterday).
 
First a drop, then total standstill, a climb of over 1 percent and then some pullback: High 1053.5, Low1041.5, Close 1050.25. Profit today, 5.75 points.
 
That was such an illed timed entry even for my standards, and of course the market took a nose dive, as soon as it learned I was in. I have not changed the analysis though and I think the odds favour some sort of rally during the day, and I am still in the trade. Let's see if I can get out without too much blood spill.
 
There is total capitulation on the market, with an orderbook that has a 1:5 ratio of buyers to sellers. I am hopelessly caught and what I am hoping for is just some kind of bounce to sell out on.
 
Market settled at 1042.75, for a loss of 3.5 points for the day for me. I am keeping the position over night, as I think we will get some bost from the US, with some gapping up perhaps. When I think of the doom that has been over the rate hikes, Bernankes speach when it sinks in on investors should mean a real boost to the market over there. REAL BOOST. High today was 1050, Low 1031.5. Another big volatility day.
 
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