Archive for July 24th, 2008

Todays Dow trade – price action breaks below 10400

Todays Dow trade - price action breaks below 10400

I got back home to find that the Dow had already crashed over 200 points! I feel a bit annoyed to have missed so much of the action but there is no way that I can trade at work... the markets are so volatile that you really need to be around to watch what is happening and get out should things turned nasty. Anyway, I did managed to enter a short at 10422 and got out at 10404 for +18. As the market approached the previous low and round number at 10400, I didn't want to take a chance on my mone

July 24, 2008 No Comments Full Story