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DOWN program trades

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DOWN program trades

Post  Admin on Thu Oct 23, 2008 10:52 am

DOWN program trades can occur in a variety of circumstances. These are the most powerful and profitable short trades. In Bear markets this trade will rack up hundreds of Mini-Dow points per day.

[1] end uptrends
[2] occur after a DRUP attempt
a] a URUP does not follow the DRUP (Low Keltner violated, DOWN condition resumes)
b] a URUP does follow the DRUP (enter long at Low Keltner of URUP)
[3] follow RDOWN's

Graphics will reference one of these 5 above conditions.


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How DOWN trades continue a trend

Post  Admin on Thu Oct 23, 2008 3:05 pm

Each DOWN must create a DB or LL to continue the trend. Keep in mind, the last occurrence of this will always be a RR and ultimately becomes a DRUP. Each RR created from this is a DOWN, which can be mechanically shorted with "autosell".

[1]the LL may become a S1 of a buy formation
[2] or become a DB of a LOW DEVIATION....expect a sharp move upward when this occurs. Closing a short is recommended; Taking a risky Long entry many times has immediate benefits of 50 to 100 points. Only take these trades if you have made some dinero earlier in the day. Don't start the day with a risky trade that becomes a $50 loss.

There are 3 'autosell' short entries after 12:15, 12:40 and 1300 times below. The two long entries are at 1235 and 1257

Click image below for full size; all times Chicago


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