I thought I would just update my journal with the results of the Dow
Trade up until the end of 2006.



November wasn't a good month for the system with it returning only 91 points nett.

December faired relatively well though and gave me my longest winning run of trades - 11 in total.

The overall picture - from 8th May 2006 to 31st December 2006 looks like this.

...

JillyB

At the moment the Dow is at 12,117 which gives me Trade 1

This is SELL at the open to the low at 12,098 and this may continue down to 12,077 - 12,070 (use a trailing stop for this part). If it goes past 12,065 there will be no reversal and it will keep going down.

Otherwise look for a BUY trade below the low at 12,098 to go up to 12,148.

EDIT: 17.55
Well that was another two winning trades for today.
Yesterday we had one win out of two...

JillyB

The open today was at 12,008, which gives me Trade 58 and this is a stand-aside day.

It will either go up all day, or will go up initially and by 3pm will start to fall and continue to do so all day. Which way it will go, I have no way of knowing, which is why it's designated a stand-aside day.

JillyB

The open was at 12,047 which gives me yet another new trade - Trade 45.

What a week this has been - 3 new trades!

JillyB

At the moment the Dow is at 11,995 which gives me Trade 4

If it varies much from this level though, we may be into the realms of another new trade. I will let you know this as soon as the open is confirmed.

Trade 4 says
BUY up to the low at 12,003

Look for an entry above 12,003 for a SELL trade to continue the downtrend - to around 5-6pm.

EDIT: 14.30
Open at 11,989
New trade 38

JillyB