Saturday, March 12, 2005


The DJIA closed the week down 77 points. The price bar turned red today, indicating the beginning of a downtrend.
The stochastics, moving average and CCI all are turning lower. I expect them to continue down.

By the indicators in my new "system", I would take a hypothetical short position today. Again, to eliminate an impossible fill or slippage, I'll assume the trade was at the worst price of the day, the low, 10728. Let's see how far the move goes and how many points the trade will make.

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