By the way, Dow (/YM) falling from 16,500 to 16,250 is exactly 1.5%, which is a 20% overshoot of a normal 1.25% drop so we're looking for the weak 20% bounce, back to 16,300 (-1.25%) and that's about it for this "long" trade idea. If it goes over 16,300, we'll be pleasantly surprised and put a stop at 16,300.
January 21st, 2014 at 11:39 am