Monday, September 29, 2008

2:47PM DIA 105.87 -5.26 No time to be a hero:

I think I can define the risk here in the VERY SHORT TERM to 50 points for a stop loss order.... however...

Buy with 0.50 pt stop in DIA.

Raise stop to breakeven after 15 minutes.

Exit at the close or using a 1.00 trailing stop.

The futures are trading down to the big support level at 1135 on ESZ8....

VIX at 45, down from a peak at 46+ is one reason alone to take a small stab at this.

2:50PM DIA 105.86 -5.29 last....

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