Monday, March 10, 2008 9:22:02 PM
DOG - 66.70 ON 3/10/08
Here is how we might make some money. DOG is the ultra short of the DOW. But I see a pattern here. Today's candle is a "hanging man." This is a sign we may be in for a reversal. We would need an up day in the DOW for this to show a red candle.
In the short term I think the DOW may show a little rebound but this will be short lived and we are headed to 11,000 or lower before we get a sustained run again. So keep an eye on DOG and when the time is right try to buy a CALL contract knowing that the DOW is headed lower.
Boca_Bobby
Here is how we might make some money. DOG is the ultra short of the DOW. But I see a pattern here. Today's candle is a "hanging man." This is a sign we may be in for a reversal. We would need an up day in the DOW for this to show a red candle.
In the short term I think the DOW may show a little rebound but this will be short lived and we are headed to 11,000 or lower before we get a sustained run again. So keep an eye on DOG and when the time is right try to buy a CALL contract knowing that the DOW is headed lower.
Boca_Bobby
Boca_Bobby
Mom said there would be days like this!
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