Wednesday, March 2, 2011

DJIA


Dow Jones Industrial Average has posted a daily loss of -168.32 pts (-1.39%), close at 12058.02 which is very near to last week's low.

12000 is a strong support that I wish to enter for a Long trade.
Looking into YM chart, can see that the stochastic has show a little bit of strength at 11994 now, what to do?

Enter with Fibo Range:
Long @ 11955
SL 11905 (-50 pts)
TG 12105 (150 pts) TG2 12135 (180 pts)

Multiple market entry strategies, APSRI is the best :)

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