Wednesday, November 5, 2008

BUY SIGNAL

Price is down to key support at 93.37 here @ 12:47PM

Put-call volumes suggest heavy put buying.

VIX surge to 51.6 from 48 suggests near panic.

So, if we can panic while we fell to support, then we should buy.

RISK = 1.00 pt in DIA.

EXIT: 1.00 pt profit.
Raise stop 1.00 pt after 30 minutes.
12:48PM NOW
93.37bid-93.38 ask

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