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Dow Jones - Category Archive

Feb 12
Thursday

All In, No More Bets !

Filed under Dow Jones, Stock Market Crash, TheInflationist StockPicks

Dow is taking another plunge, down 2.4% at the time of writing. The sirens are going on full alert, all support levels have been broken including S3 (7750). We opened a $10/point long Dow position at 7730 – and we are definitely not out of the woods yet. The fact that it hit 7717 (below 7750) suggests that there could be ALOT more pain. Risk reward is on our side – so stops at 7550 (180 points = $1800 downside) – as oppose to upside of 10-20% pull back over the next few weeks. Stay tuned, a crazy night like this often presents opportunities to those who remain calm and collected (we are trying our best to!)

All entries filed under Dow Jones



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