RE:MSCI Taiwan index futures (TIMSCI) 14-Jul-2006: Short trade closed

TIMSCI short position of 263.8 is covered at 262.1 which was a planned target. In fact, a descending triangle was formed. and the calculated target for descending triangle was around 262 as well.

I might missed out bigger profit, however, I would prefer to take profit based on planned target level.

One trade closed with + 1.7 points (1.26R) gain.

Chart will be posted after market closed.