The Dow countertrend play

I played the Dow countertrend yesterday, the Dow had fallen heavily and I took this to be the start of the downtrend after weeks of bullish movement. I was expected to see a pullback from the bullish movement of the DOW and this was my signal for it. After the huge move down, there was an initial move up and this was what I took to be the pullback before lower prices. Unfortunately, I was wrong this time.. the DOW powered ahead.. it’s shot up around 200 points and have broken the previous high!

Make Me Some Money - Dow countertrend

The countertrend play is always a risky trade but if it comes through, it’s an extremely profitable trade! Nevermind!

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Category: DOW, Trading