Stock, Option and Futures Trading
As we were saying in this post: https://wwweminischool.wordpress.com/2011/11/08/position-update/ the DOW could make a move down to the 11,800 area and still be bullish. This morning we had that move down and so far we are holding the level as support. It might be too early to say but this could be a good long entry even though it feels completely wrong to say it at this time. Maybe just too early to say but we would watch this level as support at least for the next few hours then we will see what it looks like.
Knowing the DOW could make the move down is why we gave ourselves bigger stops on the calls. We are still in them so lets give it some time here and see what occurs.