Tuesday, October 21, 2008

ONE MORE SWING

91.34 bid -

Nice correction in price off of the high, this is the setup from this morning (that I forgot about) to buy.

Buying 1 pt+ corrections off of rally highs in DIA, exiting 1 pt above the correction low (which might end up being less than the 1 pt target, despite a 1 pt stop loss).

The odds are in your favor to buy when VIX is down and call activity shows heavier volume that puts.

91.16 bid now.

Risk 0.7 pts.

3:27PM now

91.28 bid....

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