I think I can define the risk here in the VERY SHORT TERM to 50 points for a stop loss order.... however...
Buy with 0.50 pt stop in DIA.
Raise stop to breakeven after 15 minutes.
Exit at the close or using a 1.00 trailing stop.
The futures are trading down to the big support level at 1135 on ESZ8....
VIX at 45, down from a peak at 46+ is one reason alone to take a small stab at this.
2:50PM DIA 105.86 -5.29 last....
Monday, September 29, 2008
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