Thursday, October 23, 2008

BUY SIGNAL 12:48AM

DIA 85.00

RISK 1.00 pt.

REASON:

Heavy put buying is driving this market down.
PANIC is happening Japanese Yen.
PANIC is happening in T-Bonds...
YET, stock prices are seemingly holding onto yesterday's lows.....

As it stops and the weakness abates as it has here, at least for now...

Upside = 1.5 pts.

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