Friday, May 19, 2006
Welcome to our DOW trading system
We have tested our system today. The DOW was very turbulent as it was OEX Option Expiry day. It moved 60points down and 70 points up just in 20 minutes. See that purple circle after 11:00am.
Later part of the day, it was really testing the bottom and then trying to come back to the EMA line.
DOW has fallen more than 500 points since the FOMC meeting on 10 May 2006.
For Monday 22 May 2006, it is still in BUY territory. However, entry should be carefully taken.
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