Soooo........the market starts with flat futures so we have no idea what could happen. Then it opens and moves to theoretical Dow highs of 10,345 and lows of 10,151, all before 1 p.m.
Minor whipsaw continues to move back and forth and keep market hovering at 10,200 level for hours........all of this again pointing to a trading range,and light volume, and no further testing of lows.
The market remains at a zero count, meaning the bell curve shows no strong bias. We suggest another buying spree may be imminent, to Dow tops as we project, and leading to more downturn.
But, the market may have to hit 10,000 for this to happen.
We will stick with the call.
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Lets' repeat the key rules of the game:
*Pick an allocation you are ready to lose
*Whenever you win hide 10% or more far away
*Choose an investment % goal (% of profit)
*Have no more than two trades open at one time.
*If you cannot afford a "double buy" do not trade issues that are defined as perhaps requiring it.
*Use the Dow Projections and Pivot/support/resistance lines as a science
*View only with point and figure charts. Become adept.
*Keep a journal of your trades. Learn your emotions and above all, if not making money, or new to the service: REAL TIME PAPER TRADE 90 DAYS.
You are learning how to become a surgeon. It's not easy; it takes time and commitment.
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