Wednesday, October 15, 2008

How to Manage This BUY SIGNAL

After 30 minutes, raise stops to 0.50 DIA pts.

After 60 minutes, raise stop to breakeven.

If this market hasn't rallied at least 1 DIA pt, then REVERSE and go SHORT and risk 1.00 DIA pt.

It is possible that we are in a melt-down scenario at that point in time.

In other words, if we can't rally from this kind of an extremely bullish scenario, then the market is EXTREMELY WEAK and will likely go down dramatically.

Sorry to be extreme, but that's what we have to be prepared for.

Extreme circumstances are here and we have to manage them properly.

1:07PM

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