Dow Jones Industrial Average:DJI Gap filled, ready to retreat
Dow Jones DJI
This decline is likely to extend back to 24683 - the Dow has
just filled the gap created over the weekend and is now ready
to fall away again - a sell with stops above 25550
This decline is likely to extend back to 24683 - the Dow has
just filled the gap created over the weekend and is now ready
to fall away again - a sell with stops above 25550
Comment:
Lower stop to 25230 lowest and 25320 highest to trap in 100 to 200 points profit if it rallies from here
Comment:
Lower stop again to 25060 for 350 points profit if hit or can close out half the short position now for 600 points profit now
24717 is the first downside target...if running it can close out here and maybe reverse if we see it halt there and find some support/begin to fight...if not can stay with it. But look to close out soonish
24717 is the first downside target...if running it can close out here and maybe reverse if we see it halt there and find some support/begin to fight...if not can stay with it. But look to close out soonish
Comment:
Dow Update
The Dow has fallen directly to a test a blue support line and has rallied powerfully. The decline is likely over for now - it's just fallen 1400 points in 4 hours or so. We caught at least half and some may have caught close to all of it. A perfect, fast trade with no stops hit along the way - hope you got some if not all of it.
The Dow has fallen directly to a test a blue support line and has rallied powerfully. The decline is likely over for now - it's just fallen 1400 points in 4 hours or so. We caught at least half and some may have caught close to all of it. A perfect, fast trade with no stops hit along the way - hope you got some if not all of it.