2008 first week for $INDU (DOW)

The first 'power down' day for 2008. LSSPower system produce two trades.

GILD VWAP sell short

There was a short signal for GILD today. Here is the market conditions:-

The Market

• $INDU was rejected from DP ( daily pivot level ), despite initial gains


• Advance-Decline level was falling from +200 to - 200, indicating the broad market was inclined towards bearish state

What I did:-

Gave break-even orer for AKAM long ( yesterday's play), at that point it was about 30p in profits;

Sellshort GILD as it had VWAP sell signal

It was amazing to see GILD falling and I saw MACCIs for 1min, 3min and 5min were quickly falling and eventually 'over-sold' in all three time frames.

It was time to cover GILD short!

ERTS Long trade

Here I bought ERTS on 18th January around 7pm. The conditions were

30min chart = SuperTrend Buy bias ( Price above green line )
5min chart = MACCI oversold (MACCI magenta color and turning up )
5min chart = Price close to lowerMPD band
Target = at least the upperMPD band

The trade was carried forward to the following day. Limit order executed.

Actually, it went up 50cent more than the limit price. Still, it was a good trade!