I am not an expert nor a great investor. I am just an ordinary punter who sets aside €100 per month to bet on stocks, shares and forex.
Killeens Financial Banner
Tuesday, 11 November 2014
DOW wedge closes: we renew our short
Click on image for a larger view.
We shorted too soon (Friday last, 7 Nov) and our Stop-Loss Order took us out. Now we observe the wedge closing, a strong indication that the securiy will plunge at last. We renew our short accordingly, looking for several percentage points of profit, and placing a Trailing Stop at 1% rebound.