Friday, February 16, 2007

The Dow Jones Industrials

Well it was another up week for the dow jones Industrials. This was the Dow's largest weekly gain since November. Last weekend I posted a pattern I've been trading on the dow for the last two months which has been working very well. I bought the DIA's on Monday's open and exited on today's close for a profit. I really intended on day trading dow stocks from the long side but I just couldn't find any low risk entry points so all I had long were the DIA's. You can read about this pattern here.


David said...

Nice, 2nd week of the month, pattern you found. Just over a buck fifty for the week or 119 bpts. Very nice indeed.


Kevin said...

Thanks David.. It's not a huge trade, but it's a nice little profit. Let's hope this pattern holds up for a few more months.

miamirenter said...

nice pattern recognition...
i feel market is suddenly going to turn in other direction...
i am puzzled by oil ( i know u r long)..and fear oil is going down.

thx kevin.


This site may include market analysis. All ideas, opinions, and/or forecasts, expressed or implied herein, are for informational purposes only and should not be construed as a recommendation to invest, trade, and/or speculate in the markets. Trading and investing involves high levels of risk. Any investments, trades, and/or speculations made in light of the ideas, opinions, and/or forecasts, expressed or implied herein, are committed at your own risk, financial or otherwise.
Technorati Profile Finance Blogs - Blog Top Sites