DOW (S&P) Trading 14th July 2008 Recap

"As per Weekly Report, first sign of a reversal will be a break and close above the weekly 50% level, using a 'hook' pattern.

But until then, use the 5-day filters....

Don't short trade above the red channels...

Yesterday's report


DOW Daily and 5-day pattern.


Usual pattern of a 'sell' back down into the 5-day lows, using the 5-day filter pattern.

For day traders it's simply trade on the side of the filter.
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