i am still long MSFT, NASDAQ and DJIA. there is strong support at 7777 in the DJIA. we broke this number, but are hovering near the 7777 line on the chart. currently adding to longs expecting rally.
midday report--- i am still heavily LONG msft, nasdaq and djia. position longs here to profit from expected up wave. tolerating some pain at this time. no pain no gain with this trade.
breaking rules here and adding to longs at closing levels. awaiting open wednesday. i can withstand a substantial move against me here for the potential of nice gains. i am stirred not shaken while being held under by a wave..
as you know, we normally cut our system drawdowns immediately. the current climate indicates that holding and even adding to our longs is prudent and the correct thing to do. i have a 2 week time horizon on this trade from entry--- time stops, not dollar stops are being utilized. i am positioned sized correctly to withstand a substantial drawdown before the projected move occurs. holding here.