12 December 2007

12-12-07 : Dow Jones down again

Last night DJ is down big. From 13800 level down to 13430. Down about 370 pts.

For those who short the indice using CFD, of coz its $370 profit to pocket.

The indice falls out of my up channel at 13724. And that is the pt i will cut loss.
Thus loss is contained at 13800 - 13724 = $76.

Cdl wise, its a bearish engulf. Not too optimistic. I think a slight rebound is due, but if it will cont to climb up to 14000 is a question. Need to see tonite's movement to decide.

For now, i will leave the DJ untouched.

daily
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15min
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