Thursday, October 9, 2008

BUYERS MARKET

Today I'll call a buyers market.

The backdrop is for prices to rise easier than they fall.

A falling VIX from a high level is bullish, generally.

A high put/call this morning is bullish also.

Buy 0.70-1.20 pt dips in DIA until further notice.

Risk 0.50 from entry.

Exit +0.70 to +1.00 from entry.

Await another dip to re-enter.

9:57AM

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