Tuesday, April 12, 2005


What looked like a market meltdown of more than 75 points turned suddenly at 2:00pm EDT and the DJIA closed up 59 points. Today's price action made an outside bar, still green, and we continue to look for temporarily higher prices. This sideways movement is very difficult to predict or trade and we'd like to see an upside breakout soon to confirm our test system.

This hypothetical trade so far: -83 Dow points
Previous trade: +165 points
Total, so far: +82 points

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