Monday, May 3, 2010

5/3 11:10

My basis tactic is to enter positions when DJI hits it's 5-minute, 380-unit M/A in the direction of the I1.  In this case I1 is down and DJI retraced to 11,110, 1.5 points shy of the M/A.  Another position is entered 50 points beyond the M/A.
So, my final 5% will be entered when DJI hits 11,159 or SPX hits 1199.90.

Stop is 135 points beyond the M/A at the value when it is crossed (in this case to the upside).

No comments:

Post a Comment