Departure postponed by Dow taking out the 61.8% level strongly.
See prev. thread here -
http://www.elitetrader.com/vb/showthread.php?s=&threadid=229407
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Short entry was on the 1st trendline break as indicated - Short is still on and loss is 6.6k and holding - see below for updated chart
Just above where Dow ended for the week is the 78.6% level - he wants to go there. I will fuck him there by shorting him OR he will fuck me by going much higher causing me to TAKE MY LOSS which of course will send Lucrum and noddyboy into vaginal rapturous glee.
The Chart below shows the 78.6% level that is pulling the Dow like a magnet now.
Note that I certainly did NOT expect Dow to go this high - I fully expected a full-blown reversal at 61.8% - that's why I took the Short there.
Will add to Short on first tick at 78.6% and will add much much much more to short on the major trendline break (the 2nd trendline)

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See prev. thread here -
http://www.elitetrader.com/vb/showthread.php?s=&threadid=229407
--------------------------------------------------

Uploaded with ImageShack.us
Short entry was on the 1st trendline break as indicated - Short is still on and loss is 6.6k and holding - see below for updated chart
Just above where Dow ended for the week is the 78.6% level - he wants to go there. I will fuck him there by shorting him OR he will fuck me by going much higher causing me to TAKE MY LOSS which of course will send Lucrum and noddyboy into vaginal rapturous glee.
The Chart below shows the 78.6% level that is pulling the Dow like a magnet now.
Note that I certainly did NOT expect Dow to go this high - I fully expected a full-blown reversal at 61.8% - that's why I took the Short there.
Will add to Short on first tick at 78.6% and will add much much much more to short on the major trendline break (the 2nd trendline)

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