via $INDU – Daily Candlesticks.

Dow down 0.2% with significant volume contraction. The swing back intra day action is a bull sign, but really no volume to support it.

I just watch Mike (wallstreetwindow.com) ‘s video. He said we can long, but nimble. Which I think it is exactly right. Just take short term gain and get out. I find myself do particularly well in this environment. I need to be better at “let my profit run).

 

I enter IMAX yesterday since it touch the Bbands bottom and under cut 20 EMA. I am going to set my stop at either 9 EMA or 13 EMA whichever make sense.

I am taking a day off with my wife. So, I won’t watch the market closely. Let’s hope it work out.

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