50 points on the DOW

Well I took 50 points off the DOW today. I think it has much further to go and it already has moved 30 points beyond where I took profits but hey ho! There was some support at 14900 and you tend to get some support at these numbers so I figure it would be good to take some profit.

Looking at this daily chart though, it does look like it has further to go down.

2nd July 2013 DOW

Still, I also put on a binary bet that the DOW would go down today. Unless the market can get above 14975, I should have a nice 40 point profit in additoin to the 50 I bagged earlier!


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Category: DOW, Trading