The chart above is the DIA 10 minute from Thursday December 17, 2009 at 2:10 PM. The chart indicates the formation of a new T and this led to my decision to close out my short positions on the close of the market. I will take a new bullish position after the opening on T ripple Witching Friday 12/18/09. The positions were closed out at the close on Thursday 12/17/09 at the following prices:
Bought BGU @ 50.17 + 0.72
Sold BGZ @ 17.96 + 0.09
Bought DDM @ 43.04 + 0.70
Sold DXD @ 30.10 + 0.41
I have not updated this blog recently due to illness. I am now in catch-up mode.
The chart of the DIA above shows a possibility of a longer timed T that is just beginning. This could carry the bullish trend of the market well into January of next year. I will publish the daily T charts for the Dow Jones industrial averages later in the day on Friday and report any prices if I take a position at the opening.
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