Thursday, March 7, 2013

DJIA on Thu 7-Mar-2013

I entered short once, market swing, I am out.

Waited for 2 hours, market is quiet.  Trading sideways and returned to 14300 again.
Since it is close to the closing bell, I don't think I want to enter short at this moment.

Reckon market to retrace from current high 14300 pts to 1/3 retracement area 14200 pts.

For trend trading I would wait for long entry near 14200 pts, for short term trading (intraday) I will short near 14300 and target exit current support 14200 pts.


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