DJI 2010 04 27

OK, Just like I was warned early this morning, this day today, is not a right time to do " buy on dips".

Now, DJI closed at day low, this is a daily candle I called as NABOP (not a bottom out pattern), Well, since this is not a bottom out pattern candle, so, I have no plan to buy in until I see a "bottom out looking candle" printed.

Plan and simple.

Next support is at line P.

4／27

DJI: same chart, eventually line F will be lost... but at this point, F & E is a new measured move channel, this one could extend further up... until one day, a very big red bar closes below line F. this day could be today, or one week from today.

So, stop is important, and hold cash after stopped out is even more important!!

7:51 am

Don't short mkt, but, this weakness here today is looking fishy, if stopped out, don't buy back.

You better hold cash and watch a bit longer (few more days).

7:25 am


- Intradaty Real Time Post.

DJI Daily:

Friday is an NATOP candle, it is a line G and Line V double break out action, and it closed at day high, so, even it is overbought at this level, I am still expecting to see more Higher High to be printed next week.