Monday, March 24, 2014

DOW JONES IND 30: Monday 24th March 2014. 15:35hrs

DOW JONES IND 30:

The Dow has formed a nice double top at 16500.

Chart below:

 
I am looking for a way to get short.
 
Price has this afternoon broken down and on the short term charts (15 minute) I have been given a cross of the short term averages through the medium term averages,
 
This is the signal I have been waiting for.
 
I am going to short the Dow as detailed below.
 
Entry: 16220
Stop: 16260
1st Target: 15900
 
Chart below:
 
 

 
Have a great week.
 
Regards
 
MDT
 

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