Swing Trading Strategies & Stock Picks Since 2003

Well, that didn't take long. Just after I bought the e -minis at 1264 the market collapsed below 1260.50 on very high volume (no doubt many stops were taken out).  I reversed my position at 1257.00 and am now short 1 unit. The 1250 level should be reached soon.  This kind of activity makes me think that 1240 is a real possibility.