8-1-2008 : DJ 12800 still holds.

Dhillon said 12800 is a good support. Buy at 12800 is ok for yesterday. lowest it went was 12750. Those with $100 cut loss would not be triggered. Those with $50 cut loss will be triggered. In volatile situation like this, cut loss point is a matter of life or dead.

Highest it went was 12875. Thus profit target of 13000 will not be triggered as well. Thus according to Dhillon's plan, the position should still stay.

I am not too bullish on DJ, as its in down channel. However, 12800 is strong support
if it forms a triple bottom and goes up from there.

May be a good long. But i need to confirm first.If it breaks 15min down channel up, at 12900 i will long. At 12750 i will short it. Already considered break 12800 support down with 50 pts down. That will be my take on DJ tonite.

daily
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