Suggest Selling Dow when cash hits 12,100

  • Posted on: March 21, 2011

There is trendline on the daily charts above the current Dow cash level. 12123 is the trend line intersecton to sell. Tomorrow its 12109.
I suggest selling this rally here. The Dow has rallied 564 points in 3 sessions.

I think this is a great rally to sell on the initial move up. Looking at these charts, there is support at 11,450… That is taking advantage of the almost 1,000 point break from the February 18th and 22nd highs at 12,376 and 12,379.

I like this rather than waiting for another run up to those highs.

Good Trading
CER