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 money so I took profit. The market fell a further 50 points though since it broke this level.
