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.
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!
