Do you believe in the resurrection of the Dow or shall we call it double top completed on 9 October? The strategy that you indicated on 6 AUG(click on your name to see) for DRD would have yielded quite a good Christmas bonus. Did you actually go on with it?
Hi Wizard. DRD - I don't recall that trade being a memorable occasion. But it went into a buy soon after that. The DOW is just having a correction. If the currency keeps weakening we might see the DOW moving sideways. There is no major diversion here. The next wave up will provide more clues. If we take out the prior high, then we will have a running correction with higher lows. If lower then we will see a double top forming and new lows coming after that. We will definitly have some type of rally soon. (Maybe after the Euro hits 1.5179 and moves lower)