DIA has formed a New Center Post and is a Buy

These are charts of the DIA as of 9:40 this morning 2/9/10 at the opening.  A new center post was formed at Friday's close.  The right side of the T is the time of exceptional performance and time to get long.  The different oscillators all indicate an extremely oversold condition during the trading session on Friday.  The beginning of the cash build up period began about 2:00 on 2/2/10 and the center post occurred around 2:00 on 2/5/10.  This indicates three days of up market on the right side of the T.

This T will not expire until tomorrow afternoon after 2:00.


Just after the opening this morning I executed the following orders:

Bot DIA @ 100.37
Bot BGU @ 46.14
Sold Short BGZ @ 18.82