Thursday, April 07, 2005


The market moved up 60 points today and the price bar turned green signaling more upward movement. As I mentioned yesterday, with the Stochastics indicator now greater than 20, we would take a hypothetical long position today. As per our extremely conservative approach, I will assume I got in at the worst possible price--the high of the day or 10590. With the weekly indicators pointing lower as of last Friday, I don't know how long this trade might last, but let's see how profitable this system is.

Long from 10590:
So far 1 trade: +165 points

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