Monday closing: 11,143
Futures now: 11,038Thanks to kumofx who has highlighted the gap down on DJIA futures. He has posted something interesting in this blog too.
If you follow my Weekly forecast on DJIA, congratulations for closing your long position last night.
Please watch closely for DJIA tonight as Monday high at 11,158 has formed a reversal pattern and our strong resistance of 11,257 is solid and current high is a good place to plant your shorts.
Again, plan your trade with proper risk management and know where your stop loss and target is.
Related: http://kumofx.wordpress.com/
http://www.cnbc.com/id/17689937/
DJIA and Nasdaq 100 for 18-10-2010 (Monday)
DJIA hit low 10918, I closed my position at 10950.
ReplyDeleteToday will mark another short DJIA:
Entry: 11,143 SL 50 points
Exit: 10,950.
Long DJIA:
Entry: 10968 SL 50 points
Exit: 11,140
However, if pincer bottom cannot hold, then DJIA will head to my 2nd target 10,750.