Tuesday, April 19, 2011

DJIA on 19-Apr-2011

DJIA posted a loss of -140.24 pts last night, settles at 12,201.59 (-1.14%).

Some would have taken profit at 12180 level last night, but if you haven't do so, lets decide our final target after we observe the pull back.

Depend on individual risk appetite, some may want to close position at 12180, and enter a new trade upon pull back.

If aim for bigger profit and less hassle / stress (why not?) and willing to wait, must remember our rule of thumb: Do not compromise Stop Loss.
First position shall add a trailing stop at entry, or at 12280 resistance level.

Add 1 more position in case DJIA to pull back to 12220. Or YM at 12170.

Target to reach next support 12000.

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