Monday, October 13, 2008

DIA 90 RESISTANCE - 87.54 LAST, 88.92 HIGH

The Buy signal near 80 in the DIA on Friday at 3pm worked out extremely well.

The subsequent high at 89.02 on Friday amazes me. Almost 900 points up in the Dow Jones Industrials in under an HOUR!

I hope some of you caught at least a chunk of that rally from the 80 level. That was about as GOOD AS IT WILL EVER GET. The comments outlined when DIA was around the 91 level last week were also alerting us to substantially LOWER prices, which we did see as well. SO, ALL IN ALL, THIS ONLINE JOURNAL describing how to utilize VIX and Put/Call and Price Action in oder to buy and sell the DIA etf has been very successful.

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New signals pending.

VIX now 67.6 (low 63.78 today). Put/call .73 (but data seems erroneous so far)

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