Posts Tagged pivot lines

More trading on the DOW

More trading on the DOW

I was actually looking to buy the DOW if it could get above 10330 but it didn't and started to look weak. I shorted it manually at 10290 with a stop initially at 10314. It kinda dwindled for a while, obviously the S2 support line was providing support for it. When it start it make it's way upwards I was thinking.. oh well, another losing trading but as soon as it hit the pivot line, it fell and tanked a good 30 odd points. My first target was 10260 but the DOW is rather volatile and when i

August 16, 2010 1 Comment Full Story