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
Wednesday, November 5, 2008
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1 comment:
Exited at breakeven.
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