our trailing stops closed the DJIA longs with a very nice profit today. we are currently flat and awaiting the next channel to reveal itself over the weekend. still short BBI.
the channel in the DJIA is presently 9607-- 9503. we are curently flat and will trade the DJIA from the channel figures. long above, short below and FLAT in the middle. holding BBI short.
the system is keeping us FLAT here in the DJIA despite a bit o buying at the opening bell. awaiting channel breakage to confirm before entry either direction. it is probable that the market will simply churn in the channel today, but we are ready for ANYTHING !
we entered DJIA long when 9607 was violated and are currently holding longs with stops at 9577---30 points on cash index from entry. long DJIA, short BBI. system and single BBI short are both negative at this time
once again we enter long at the upper channel figure and were quickly stopped out with a small loss. system calls for 5 trys at the figure before the channel is invalidated. 3 attempts thus far.
will maintain positive attitude untill proven wrong.
our system turned profitable on the day after being stopped out several times this morning. we are holding longs overnight with stops at 9617 in the cash djia.
